Shanghai, Feb. 4 The China Merchants Stock Exchange remained closed yesterday. Following the announcement of the new bond polley which is expected to be. formally endorsed at Nanking, measures are expected to be devised for the resumption of the trading bonds. For lack of a standard market price. several banks are not accepting Bonds as security for loans.
"At_a_mocdng of the directors of the Exchange, the Ministry's deeiston to float mew loans was reported. Pending further orders from the authorities, the market will remain closed, 'The suspension was orderer recently in order to facilitate on official investigation into the alleged manipulations and speculations. The' brokers have been required to give detailed account of transactions last month as well as the real names of their customers.
Describing Dr, H. H, Kung, Minister] lof Finance, as a "first-class statesman, the "Shanghai Nippo" paid tribute to his currency reforms announced on November 3 last year and to the now bond policy. The paper saw a happy augury. in the fact that most of the bonds to be funded are held by the three Government banks, the Bank of China, the Central Bank and the Bank
Text read from the printed page and cleaned; old type leaves the occasional error.