Nanking, Aug. 29.
Flight of Chinese capital has stopped end market fluctuations have been checked following the enforcement of measures for the stabilization of the nation's finance during the present emergency, declared a spokesman of the Ministry of Finance yesterday.
Reviewing the. ministry's ' efforts' in maintaining free circulation of capital' in the interior, the spokesman said that the four government banks, namely, the Central Bank of China, Bank of China, Bank of Communication and the Farmers'
Bank, have been instructed to open joint offices in leading cities.
Further to stimulate production in agriculture, industry, commerce and mining, the four banks have also been ordered to open joint loan extension and discount committees at the following twelve cities: Hankow, Chungking, Nanking,—Nanchang, Canton, Tsinan, Chengchow, Changsha, Hangchow, Ningpo, Wushih, and Wuhu.
These measures, the " spokesman believed, will help to inject life blood into the nation's financial arteries and. increase to no small extent the nation's strength in resisting external aggression.—Central News.
Text read from the printed page and cleaned; old type leaves the occasional error.