First Annual Meeting of Bankers Association The first annual meeting of the Reserve Board of the Shanghai Bankers' Association was held in the assembly hall of the Bankers' Association Building on Sal fast, when Mr. Li Ming, chai presided.
Mr. Perey Chu, mana; r, read the Jannual report of the ard on its Joint Reserve Board was established owing to the precarious state of the local money market arising from the 'Sino-Japanese hostilities in Shanghai. On account Jof the recent growth' of Chinese modern-style banks, ithe unified systems of banking in the Occident, the need of a joint reserve organisation had long been acutely felt. It is, however, interest ing to note that the Japanese invasion, materially accelerated the solidarity of the Chinese banks Shanghai, and that the Reserve Board first came into ex tence on account of these eventful Jand stringent circumstances.
On the day following the outbreak, of the Sino-Japanese, hostilities Ganuaty 29,1992), the elly JShanghai declared what was in effect,
Text read from the printed page and cleaned; old type leaves the occasional error.