Shaohsing, Apr. 18.
Another bank has opened for business in the city since March 23, called the Silk Industrial Bank. The capital Is stated to be $100,000 being. Provided by the head office in Shanghai, Efforts were made to encourage investments on opening! day, 90. there was a rush of idle money to the bank; It is said that '$360,000 was deposited that day, at Interest of 10 per cent. arranged for the year, longer periods being even a higher rate. Business is still outishing. The site of the now branch is near the older banks; this area will soon_ be known as the "Threadneedle St." of Shaohsing.
'Since the opening of the above bank we have been informed that plans "have been made to set up nother bank in Shaohsing, this is 10 be called the Two Chekiang Banks. 'This name having its origin in the' two historic districts of Chekiang-Wa as representing the West of Chekiang in early historic days and the other "Yueh" to represent the Ikingdom that had its beginning in the Bast, Financial heads at the] centre of the province are behind this effort. Capital seems plentiful as there are many rich officials in the province to launch the scheme and make a success of It. Now, if we can but get public con-Adence restored and trade brisk the fulure is indeed bright for any new enterprise.
Teaching the Officiats Educated people are greatly interested in the order to have all under-Sseeretaries, in the various branches fof the local government, attend a course of instruction at Tinghsien, Hopel, province before July. This schogt {in close association with Dr. James Yen's. well known Mass Education Movement, a work that has won the approval of men from all lands. A fac ing of the actual rural conditions and an Intimate understanding of them is now realized as fundamental to any definite advance in the coun: try, and the first, step in solving "rural. bankruptcy." The course instruction outlined for local officials by the provincial chairman is now session at Hangchow.
'Some changes have taken place in the personnel. of the local' Party Committee. Progress was held owing to. acute. dissension in. this group; then its existence reached the capital, the old committee was dissolved' and a special official was Sent from outside to get "the machine" working smoothly once more. 'A space of three months is allowed for this and then a fresh election of members Is to take place according to rule.
is encouraging to see and heat of signs of lift in the New Life Movement here. Every section of society Is being pressed into this! movement and shown that he has a noble part to play. One of the Dractical methods adopted in public offices and schools is to send inspectors around, who are expected to make an honest report of -reforms carried out along the lines outlined this practical movement. Local groups are being formed in schools) to do something. Tidiness, thrift cleanliness and order are ' coming into their own at last. An inspection of the streets this afternoon showed that reforms are being effected in the appearance and use of public conveniences. Perhaps we have to} thank Dr. Gooddard of the Christian. Hospital here for his public spirit in building a model lavatory in the city.
Youthful Crusaders The youth of the city, with a sense] of responsibility has organized itself into band of reform crusaders to help in the solution of pressing pro Tome. Many of them are men of leisure and means and they are now! busy taking practical steps to set a Kind of cooperative system in which they are to act as guarantors for loans to farmers at non-ruinous rates, After approval the farmer will deal directly with the bank; any cases of difficulty will be reter-Fed to the youth movement for solution. Success along this line will encourage them to strike out on new paths later as they seek to share the fuller life with others.
'A Trade Exhibition took place recently in the city. The results were bhat satisfactory. It appears there was not suGicient time given to Organization. Then, there Was the Yocal apathy and opposition of certain local merchants: which damped the enterprise and led to a change of site at the last moment from the Kai Yuan temple to the mass educa tion centre. This had to be done owing to the opposition of certain Wealthy men: Sweets, rubber shoes, socks, towels and locally made soap. did 2 brisk trade, some of the other Stalls did very little business. Atl
Text read from the printed page and cleaned; old type leaves the occasional error.