New Organization for Benefit of Foreign Merchants Fulniling-.a need which has become more and more evident 10 local dealers in foreign medicines uring the Inst' ton years or #0, the Shanghai Foreign' Medicine Mer~ chants! Association recently. sprang into being, and" held ite" rst general meeting at the offices of Messrs. Beck and Swann, 17 The Bund, "on October 7. The chalrman,'Mr. SW. Wolfe, of G. Fulford "& Ca, Ltd, explained 10 he meeting that for some time past the need of such an organization had been felt by many of them, and on. May 16 last a meeting of representa-lives of manufacturers and Importers of patent and proprietary medicines was held in the offices of the Shang hal General Chamber of Commerce, at which It was unanimously decided that _a permanent association representative of the trade should be formed.
An organizing committes consisting of Mr, H. Scholten and Mr. Wolfe was then "appointed to go into the matter, and 35 a result copies of the proposed constitution were circulated among them in the middle of September for eritielsm or approval, gether" with an invitation to those Interested to send in their names members. The response atitying, with the result that other for the past 25 years, I may say they already had a membership that T have been married to the bank sisting of 31 of the leading medicine already for a quarter of a century houses in Shanghai, representative of eight different nationalities, and that we are now celebrating the silver anniversary of our wedding. Tt Association's Objects apparent that T have seen the The objects of the association are bank's steady growth and the many Vicissitudes it has gone through, 1 to develop and protect the legitimate shall use the moving of our. head interests of the trade in foreign medicines in Chine: to provide fee as an illustration of this point, centre for mutual information, The Bank's Growth advice and assistance to. members in all matters pertaining "tothe "The Bank of China isthe successor foreign medicine trade in China, of the former Ta Ching Bank which Including the combatting of unfair was closed soon after the revolution competition, and the" protection of broke out in 1911. In February, 1912 trade marks; to Initiate, support, or the Bank of China' was organized suggest. Improvements in legislation with our head office at 50 Hankow concerning the: medicine business; Road, Shanghai, the building in which to assist in eradicating evils such as we are huddled at present, In August the marketing of injurious, worthless of the same year, the head ofice was] formally established in Peking where and spurious. medicinal preparations China; and to ce-operate to the 4 remained until the latter part of 1020 when it was moved back again lulmost of their ability with Chinese to Shanghai and was located atthe medicine merchants and. distributors in all parts of the country so a8 to very spot where we are now." Two. further' their legitimate Interests years ago, when the old building here was about to be, demolished, the Mead YSoctation well as those of the members of the ice and the Shanghai branch was "ale "e owing shanghai Tran oferred to $0 Hankow Road. comprise thus completing a perfect cycle the "membership of the Jess than a quarter of a century. The erection of a now building seems 10 Indicate that we are about to close tone chapter and open another.
"To-day we have Invited only our friends in the financial community" to witness this very simple ceremony of Jaying the foundation stone of our now office building. 'We have not Invited the many friends of the bank in other elds because we are sure that on our national holiday representatives in' each profession of business are likely to have their own gatherings to celebrate. the birthday. of our republic. We feel that a group. of financial representatives identical in aim and purpose should be vitally Interested in each other's progress and should provide the most congental environment in which we may' commemorate this day."
Text read from the printed page and cleaned; old type leaves the occasional error.