The Ministry of Finance, in an order to the Ming Hwa Commercial and Savings Bank which has gone into Yquidation, calls for prompt settlement of its liabilities. The order was circulated on Monday night, June 10, by The Kuo Min News Agency.
Savings deposits must be paid off within and month, and other labillies settled without unnecessary delay, the order states, In the interest of the public and the tors, the Ministry has appointed Mr. Chin Cheng-lun to supervise the An emergency meeting of share: holders of the Ming Hwa Bank convened on June 9, but was called off as only two shareholders, representing 26 shares, turned up. The. shares of the bank total 27500.
Mr. Kuo Pin-hu, Commissioner of] Finance for Tsingtao, arrived here} on June 9, to confer with Dr.
Kung. Minister of Finance, regard ing the liquidation of the Tsingtao branch of the bank.
'Meanwhile, Mr. K. P. Chang, General Manager of the bank, remains under surveillance by the' Tsingtao Municipal Government, 'The early convention of a share-Inolders' meeting of the Ningpo Industrial Bank to decide on various matters pending since the closure of the institution on June 4' was asked fin a letter sent to the board of directors of the bank by Mr. Lo Teung-meng; who has been appointed fey the Ministry of Finance to supervise the liquidation of the bank.
Meanwhile. the committee for the Jadministering of the $25,000,000 loan which is in 1935 Currency Bonds)
those native banks in need of [Snancial assistance has been official-installed. Up to Froday morn-jing, loans asked by the native banks Jamounted to more than $24,000,000.
Tokyo, June 12.
'The Japanese Government has re-Jected an invitation extended by the British "Ambassador, Sir Robert Clive, to nominate a' Japanese delegate to take part in an economic con= ference at Nanking in September, according to semi-oficial elreles.
Representatives from France, Ttaly and the United Stateo, as well Great Britain, until take part in the conference, which is being held for the purpose of exploring the posalbilities "of rehabilitating China's Sir Frederick Leith-Ross will be the British representative, In refusing the invitation, Mr, Int, Shigemitsu, the Foreign Vice-Minister, reported to have explained that such participation would be contrary to Japan's fixed China poliey—Reuter
Text read from the printed page and cleaned; old type leaves the occasional error.