Committee to Promote Sale Inaugurated A committee headed by Mr. T. V. Soong, Chairman of the Bank of China, has been formed to promote the sale of $50,000,000 bonds to be utilized to defray national emergent ey expenses. The bonds, according to a set of seven regulations governing their issuance, will be of seven denominations, namely, $10,000, $1,000, $100, $50, $5 and $1, all redeemable in twenty years.
The new committee is composed of 27 members including Government officials and prominent residents, Mr, Chen Lih-fu, member of the Central Executive Committee of the Kuomintang, Mr. Sun Fo, President of the Legislative Yuan, Mme. Sun Yat-sen, Sir Rober Hotung, Dr. Alfred Sze, Dr. Wellington Koo, Mr Quo Tai-chi, Mr. 0. K. Yui, the Mayor, and Mr. Aw Boon-haw, medicine magnate in Singapore, are among those on the committee, According to its organic law promulgated by the National Government, the committee will establish branch committees both at home and abroad.
The Government's decision to issue the bonds is reported to have been prompted by the public enthusiasm in making voluntary contributions towards the funds,
Text read from the printed page and cleaned; old type leaves the occasional error.