Government Interested in New Scheme A series of regulations governing the organization of the "Farmers Bank of China" was adopted by the Legislative Yuan on May 24. Accord. ing to these regulations, the bank to be established for the purpose of providing Chinese farmers with capital for the recovery of rural economics and improvement agricultural production, The Banik will have a total capital of $10,000,000, Jdivided into 100,000 shares of $100 each. The Finance Ministry will buy 25,000 shares, while eacty of the various provincial and city governments will buy at least 2200. shares, necessary, the Bank's capital may bbe increased. with permission of the Finance Ministry. The Bank's head office will be in Hankow,—with branches in other place.
The Bank's business will include the granting of loans to farmers' ce operative societies, loans for agricultural developments, sale or purchase Of negotiable documents, ete. The loans to be granted by the Bank will be for the following purposes only: The purchase of farming buffaloes, fertilizers, and raw materials required for farming purposes, purchasgy or repair of farming instru-mead manufacture or transports tion of agricultural products, construction or repair of farm:
Text read from the printed page and cleaned; old type leaves the occasional error.