Attempt to Meet Shanghai Merchants' Views Nanking, Jan, 31 Replying to a petition from Mr. Vu Yaching and other Shanghai Chinese. business men in connection with the freeing of tied-up capital, the Ministry of Finance slates that the proposal for the creation of an immovable property mortgage bank has been referred to the China Reconstruction Finance Corporation, with instructions make the necessary preparations.
Regarding the suggestion for lower the Interest rate, the Ministry says that the Shanghai Bankers Associa~ tion and the Native Bankers Guild have been asked to submit concrete Mr. Vu Ya-ching, general manag of the San Peh SRI, Ca, who 1 turned to Shanghai on Friday morning. after interviewing Gen. Chiang Kalshek, president of the Executive Yuan, in Nanking, made the following statement to the Chinese press afier his arrival in Shanghai.
During my interview with Gen. Chiang Kai-shek, I expressed the views (1) that the authorities should vestigate and find out those controlled the bond market; (2) that effective and practical measures, not empty talk, should be decided upon for' the relict of commerce and industry; (3) that the proposed special banking institution should be given authority to accept for mortgage purposes the Immovable property of in-Sustrial plants and other productive enterprises and not the real esta and, () that efforts should be made ince China's imports and ex-pons, Gen. Chiang promised to con-rent treasury but also encourages the bonds of Class 'D' (21 years).
Public to look upon the bonds, mot) ererihe budget), in order that i (ea government stewie Suey these banks, the. paper "said, wilh above' ment treasury Dut also enconsages O"¢ balancing of its receipts and expendl- P&Nds, such of Communications. The support of sider the four Investment but as a medium) INS ave resources to execute is te, ne Zand Year Cuslome, Treasury treatly faciiate Dr, Kund's reform ihe" overment Roesiorth sowa [rvs the alone cess, aer ne. an ion, Mu Gun" thinks Plans of reconstruction, so as 10 Dre-1Tovour Raliel 7 per cent. Consoli-adhere, sirlelly to tha, original i; prise, reduce the excess of imports cor dated. Raenal Loan The "China Times." a Chinese dally.
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Text read from the printed page and cleaned; old type leaves the occasional error.