Pessimistic Report in Chinese Press Discounted Locally In publishing a telegram with reference to banking in Peking and Tientsin, the Chinese press. says that there has been far less business this year in the banking world in those two cities than had been expected. Debtors not only have requested permission to postpone the repayment of their overdrafts but, in many cases, they have not been able to make their regular interest payments when they fell due. This cing the ease, it is expected that great profits will be made by the Peking and Tientsin bankers this 7 The amount of Treasury Bonds issued by the National Government and purchased by these bankers was far below what had been anticipated, continues the report, which says that the bankers are exercising great coze in Joans iowa' faure the casa on haad is barely sufficient to meet the demand of the exchanges and all their reserves are in the form of bonds.
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