With w view to protecting the interests of the shareholders aod third parties and as preparatory steps for the possible liquidation of the Bank, the Board of Directors has cartied out the following mea: sures:
Discontinuance of all business contected with bills discounted, Joans and credits, excluding operations necessitated by prolongation of advances.
The closing up of all ization of the Bank in connection with deposits ant current accounts have been fully met and all amounts,' which had not been called for, deposited. with local branches of foreign banks: Avringements have been made, as far as it was possibi under the circumstances, to secure the recovery of the' cus tomers' indebtedness under discounted, Loan (c) the amounts uncalled for be collected through local branches of foreign banks; (a) settlement of al exchange cons ing of accounts with banks the out ing balances and quent receipts being tra to the accounts of the above liquidation of all movable and immovable property; (k) discharge of all' employees and payment of a retiring ale Towance equal to two months'
salary and a special allowance for tavelling expenses to the The balances of outstanding accounts of the branches, which have not been closed after Tia under ava and un coup closed. vay, the Inter-ofice accounts b
("With a view to closing the accounts and simplifying the balance sheet of the Head Ofle, in case of the entire liquation of' the Banke (a) the Bonkes funds are concentrat-inn fow accounts with banks in Harbin and. abroad all "correspondents accounts "Lore" have been closed, as well as "Noxtro™ accounts, with the exception of the acevunt of our (e) AL deposits and current accounts ye been pald, with the excep. ion of petty stims belonging 0 absent persons and mostly representing interest allowed; indebtedness to banks, whicl hhad.been granting credit to the Dalbank, has been covered; from customers under aunted, Loans and Credits ha been made; in onder to cover the Bank's. me debtedness to the principal depositor—The Guarantie and Credit Bank fir den Osten, a part of obligations of our customers under Bills discount ed, Loans and Credits have b sold to the above Bank with reduction necessitated by tha
Text read from the printed page and cleaned; old type leaves the occasional error.