to $1,000,000
Canton, Apr. 1.
'The failure of the Hop Teh and Pao Wah Banks has had' a serious epereussion in ancial. and Government circles owing to the fact
loding the First, Naval Squadron, "mang" goverment "oct, Swore among, the depositors In these two banks, "They are substantially owned and managed by Mr. Yang Mel-pin, who igvalso managing director of the Ghungshan Hotel and the Hai Chu theatre, "As the two banks are involved in a loss of over $1,000,000, both the hotel and the theatre have deen attached until the claims of the creditors and depositers are vent ta NE cocky past of the weet, iba the aval for seas in the early pa week,
Shade a salon that gine Dra.
Government. de s have
perty owned by ian Banton cannot. be pending settlement of the affairs of the two banks.
Two errand boys employed by the banks have been arrested but other embers of th staff have disappear The home of Mr. Yang is sux by gendarmes and police—
Text read from the printed page and cleaned; old type leaves the occasional error.