The Archive · 1935

Liquidation of Sing Tung Bank in Progress

Depositors of amounts below $200 will be paid in full, while those with deposits over this amount will be paid '2 portion as soon as possible, accord: ing to an announcement made by Mr. Wu Kuo-chang, a lawyer, and Mr. Chao Tso-wei, an accountant, who have been retained for the liquidation of the Sing Tung Commercial & Savings bank which closed recently. It was reported that savings amounted to $99,821.02 and deposits to $23,887.21, while loans by the institution amount ed to $170,000. As soon as the savings securities deposited with the Central Bank are returned, the liquidaters will begin to pay. back the small depositors, it is reported.

The Commissioner of Public Health, S.M.C, reports that a number of laodabs from the Minghong_ area have been sent by various persons to the Municipal Laboratory and have been found to be suffering from malignant tertian malaria [Certain cases. of malaria among foreigners are known, but the investgations, which are being expedited, have not yet been completed by the: Health Department, Tut Research Department of the Bank of China has issued an analysis Jof the Accounts of the' principal [Chinese Banks for 1994. This suppiements the Department's useful "Analysis of the Account of the Principal Chinese Banks, 1921-31" and the relevant supplements for 1932 Jand 1983, thus bringing the inform: ton contained in those publications completely up-to-date. "The basis of the work is either the bank's publish-Jed accounts or information officially. given by the bank concerned.

Text read from the printed page and cleaned; old type leaves the occasional error.

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