Review. of Industrial Conditions by the General Manager: Able Summary of nation lof $1,290,035.00. "This was chies due to unsettled conditions in the interior districts of China and the stagnation of trade which caused a surplus of funds at the commercial [countries dropped 8.6 per cent: Even in the ease of France, [perhaps least of all from the depression, imports increased by only Li per cent,, whereas exports. declined 14.6 per cent. from the 1929 evel. The widespread trade defmaldistribution of the gold reserves lof the world, According to iavese tigations made at the end of Novern~ Ser, 1090, the oral gold exer, the' world were about, ton [pounds sterling, of which'the United, States of America held 38.5 per cent, The annual meeting of shareholders of the Bank of China held in the duplicating the efforts of the Cental Bank. I am pleased to report Jcentres. We are opposed to any tendency to inflate note issues, and pression and unemployment _ex-Iperienced in the United States, [France 18 per cent, Great. Britaig 7 per cent,, and the rest of the world Wilding of the Chinese Bankers' that the Bank of China has been accordingly restricted our issue in Great Britain, Japan and Germany, only' $8.5 "per cent. or 800,000,000 Association on May 16, was made [very successful in this new business order to maintain normal conditions the leading. nations of the world, [pounds sterling. In recent, years notable by a very able statement on policy, and has been able to follow. ju tho- financial market, considera-[have extended equally to other coun all hes continued to tow to the fade and, "inancal conditions the guiding principles outlined in my tions of profit being sacrificed for tries engaged in world trade.
Gnited States of America and te ina during the past year by Mr. last annual report, The following, [the benefit of the general public.
'A' most serious aspect of the France, with the result that gold Shane, denngans the general San figures indicate the sources of our:
Text read from the printed page and cleaned; old type leaves the occasional error.