Now. to Become a People's Institution Nanking, Jan. 15, An important change in the status lof the Central Bank of China will be reflected as a result of the approval fof a_revision in the regulations. by ithe "Central Political Council to-day. This provides that the limit of public jeapital that may be subscribed shall be raised from 40 to 0) per cent. The original resolution submitted by Dr. H. H. Kung, Minister of Finance, jand approved. yesterday by the Executive Yuan, provided that the public capital should be temporarily. Himited to 60 per cent. of the total capital. 'The Central Political Coun-jell, "however, has amended this 10 read that the' public capital shall. not Jexceed 60 per cent. of the total When the change in the status of the bank Is effected, it will become people's rather than a governmental institution. In the opinion of Dr. Kung, this will make it more or less independent, thereby increasing [domestic and foreign confidence in the bank and placing it in a better position to contribute to the stabilization of Chinese currency and finance
Text read from the printed page and cleaned; old type leaves the occasional error.