The Archive · 1938

CREDITS OPENED FOR SHANGHAI JRC

Japan Government Backs Expenditure by Local Body

Credits totalling $800,000 have eon tothe Japanese Residents" Corpornpened by six Japanese banks here'

lon, "which governs Shanghal's. Japianeie comity, ah revs President of the Corporat carried out, followed by inspection of annual meeting of local meat in the Cold Storage and Residents in the Central Chilling Rooms, and huming of more School, Range Road. than 15,000 Ibs. of rejected meat and The Corporation, he said, availed organs, itself of the opportunity. to borrow $240,000, The banks, which included Simultaneously with the removal the Yokohama Specie Bank, -nsked of live animals from the Abattotr, many convoys for the removal of [for no security, and made the loan interest-free until October next, and other foodstuffs. both from An advance of $124,016.05, made to the Municipal and Private Cold the Corporation by" the Japanese Storage plants, were organized, Government. has been used to reps:

Prior to the encircling of the for-8 part of the loan. "Still unpaid eign areas by Japanese Forces, when the sum of $115,933.05, it appeared likely that food shortage Between April 1, 1937, and March might be experienced, transportation 13 last, Mr, Amano' said, the corpora: on Tad spent. $219:371,00, and storage of essential vegetables for Hospital consumption, were suc.

'The corporation. hie revealed, had asked Foreign Minister, Mr. Koki cessfully undertaken and jater proved Hirota, for low interest' loans 'a wise and saving precaution, worthy habilitate Japanese businesses here.

consideration during normal times.

Present at the conference were Mr.

Text read from the printed page and cleaned; old type leaves the occasional error.

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