By a ruling of the National Committee for the Sale of Liberty Bonds, the savings bonds of the National Industrial Bank of China which were taken over by the Central Savings Society some time ago, would be accepted in exchange for Liberty Bonds, it was announced by the Committee yesterday.
It may be recalled that the savings bonds of the National Industrial Bank were absorbed by the Central Savings Society shortly following establishment of the latter for the purpose of re-organizing the bonds, whose holders were permitted to continue payment of their monthly premiums so as not to lose their capital and investment.
According to the decision of the Committee, special receipts would be issued against such bonds towards payment for Liberty Bonds, says the Kuo Min News Agency.
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