Active preparations were made in Shanghai on Nov. 7 for the organiza lon of banking syndicate with re-_ and development of the rapidly declining fishery industry in China as its objective. The syndicate, formed under the Joint auspices of the Minisary of Industries and local banking circles will be capitalized at §1,000,- (000, of which $200,000 wilt be borne by the Central Government, Pledging support to the project are twelve local Chinese banks which have agreed to subscribe shares joint-amounting to $800,000, The banks are the Bank of China, the, Bank of Communteations, "the Shanghai Savings" and Commercial Bank, the Kincheng Banking Corporation, the Continental Bank, the! Yen Vich Bank, the China and South Seas Bank, the Sin Wah Bank, the Chung Wal Bank, the Chekiang Dev-clopment Bank, the Sze Ming Bank and the Four Bank Savings Society.
At a meeting held yesterday atter-noon at the Bankers' Club on Hong. kong Road, a committee of three members were elected to take charge of preparations—Central News,
Text read from the printed page and cleaned; old type leaves the occasional error.