Kis-ngan, managing director and, concurrently, general manager, and a meeting of the directors marked the \formal" inauguration of the Central Trust of China, 126 Hankow Road, fon Tuesday, Oci. 1, when more than 100 bankers and ' business leaders called on the officials to offer their congratulations.
'The ceremony bes am. with the usual' Kuomintang rites on the first floor of the building, which was decorated with national flags and flowers. Mr. Chang, In his opening speech, paid high tributes to the efforts of Mr. Churtong Yih, a managing director, and Dr.
Kung, for the preparation and establishment respectively of the Trust Dr. Kung also highly praised the preparatory work done by Mr. Yih and urged the officials to make the Trust a great success, There were many Kinds of business which needed the service of a special commercial institution, he said. It was for this reason that the Trust was inaugurated. He then cited. the importance of having public employees and service men insured, and informed the gathering that Gen. Chiang Kal-shek Wwas paying close "attention to the question.
Capital of $10,900,000
Chartered under a special mandate feom the Centeal Government for the transaction of trust business, the me stitution "has, a palésup capital st0,00000, "The business comprises handling of savings and insurance Jot' all public employees and service nen, the purchasing of supplies for, the underwriting of insurance vf Droperties "of, the "government and public institutions, the. issuance remium™ savings' bonds, and. the transaction o€ trust business "in seme Special sanction has been given by the Government for the establishment ofa central savings society under the Frost to operate endings with monthly drawings. for the. payment. of prise cipal and interest. The. Trust, Sct" aside. $5,000,000 for the society, hich is expected to be inaugurated stan eaciy date.
The officials of the Trust are: LIH. Kung, chairman; Mr. Chang Kia-ngan and. Mr. Churtong Yih, managing directors; Mr. 7. Lo Soong Sand it issu Kan, directors; Nes dian Chen, itr. Li Ming, and" Mr.
Text read from the printed page and cleaned; old type leaves the occasional error.