Government Asked to Make Nanking, Oct. 19, 'An investigation into the capital reserves of the banks in Shanghai Fecommended by the Shanghai First District Citizens' Association ina petition to the Ministry of Finance, While most of the banks in Shanghai are members of the Shanghai Bankers' "Association, the message points out,"many others are not connected with this astoclation, either because their credit is already well established or because they are only newly established, These non-member banks often issue paper notes without ad equal security. Some of them have already gone out of business, such as the Wah Trust & Indusielal Bank, the Shanghai Day and Night Bani, and the Industrial Bank of China, thereby seriously affecting the monetary situation yn Shanghai, order to safeguard the stabi of the monetary situation in Shanghai, the petition "recommends, an. vestigation of the capital reserves of the various banks in Shanghai should be carried out immediately by the Government. No. banking licence should be issued to any bank un its capital has been checked and. a proved by the Ministry of Finané Kuo Min.
Text read from the printed page and cleaned; old type leaves the occasional error.