Native Guild Granted Loan of $2,000,000
Peiping, June 23.
Concrete measures were adopted yesterday for the stabilization of the local money market at a joint meeting between representatives of the Peiping Municipal Government, the Peiping City Chamber of Commerce, the Bankers' Association and the Native Bankers' Guild.
Tt was decided that a loan of $2, 000,000 be made by the local Bankers' Association to the Native Bankers' Guild, on the security of, $4,000,000 promissory notes which the native banks hold against thet debtors.
Following the issue by the Municipal Government of a proclamation prohibiting the circulation of unfounded reports, fourteen persons were arrested yesterday after they attempted to "disturb the local. financial market by refusing to aecept notes of the Agricultural and, Industrial Bank of China—Kuo Min.
Text read from the printed page and cleaned; old type leaves the occasional error.