The re-organization of the Bank! took place in July. The former Administrative organization, the Shang-hal branch, the Issue ' Department and the Trust and Savings Depart-Jment were merged to form the new head Office, thereby securing centrallzation of control. New Branches were established at chang and Shasi_in Hupeh, Changsha in Hun-pan, Tinghai and Lanchi in Chekiang, Tungtai, Yencheng, Tsinkiangsu, Sinpu, and Tanyang in, Kiangsu, Tsaochwang and Hwang-hsien in Shantung. New godowns were set up in Shanghai, Hsuchow, Ningpo and Changshu. The Tsinan and Hankow branches are also planning to acquire new Th pursuance of the policy to] maintain the independent status the note issue, thirty Sub-Treasuries were established during the year to manage the circulation and control the note reserve funds, Branch Savings and Trust Offices were inaugurated at Tsinan, Wel-hsien, Lungkow, Kalgan and Harbin, The establishment of Savings Offices at Hankow, Peking, Suiyuan, Changchun and Kirin was also being contemplated.
The Bank will adhere to its settled policy of going further inland Assist in the rural - reconstruction work. Investigations are being con-@ucted to explore the possibilities of new projects with a view to further develop the business of the Bank. and at the same time, to rence the best of service to the
Text read from the printed page and cleaned; old type leaves the occasional error.