Mr. S, H. Loh Charged with Bank Crash Frauds Mr. 8. H. Loh, a director of the Industrial Bank' of China which closed ts doors on October 12, and prominent financier in. Shanghai, was arrested on Salurday evening by detectives from Central Police Station fon charges of fraud in connection with the closing of the bank.
'Mr, Loh (Loh Shih-hewt) was a part owner of the Plaza Hotel, part owner and founder of the Auditorium where hai alai is now played, and a leading shareholder In' the ' Great World amusement resort. He was also one of the leading spirits in the trotting venture at the Ying Hsiang Zion Race Course, which the Chinese authorities effectively suppressed refusing to grant a licence for parl-mutuals Depositors in the Industrial Bank of China were surprised early on the morning of October 12 to find f notice posted outside the bank that the" Institution" had been closed, owing to what it described as the Nabsconding of Chen Bao-yuan, manager." Debtors were requested to register with the lawyer who posted the notice, Mr. T, Chang, Within a period of two weeks.
Organized in 1925 in Hankow by Messrs, Sun Tan-ling and Kao Hung-fen, secretaries to Gen. Wu Pei-fu, the bank had been re-organized twice before ils head office was removed to Shanghai from Hankow. Tt had seven branch offices, two being in Soochow, one in Hankow, one in Sunkiang, and the other three in Shanghai.
Text read from the printed page and cleaned; old type leaves the occasional error.