Opened with Government Ca-operation "Bond Confusion Disappearing in Loca! Market and Australia En Route te Chatham someone: upon a gigantic economic development scheme in ce-operation with Chinese bankers, the Chinese Government
A Chinese banker in Shanghai stated yesterday many Chinese banks here have established branches in the south we with a view to investing money having all made profits luring the past year. A multi-millionaire overseas Chinese heine merchant, Mr. Hu Wen-hu and ether merchants, have uted $50,000,000 for developing Yunnan alone.
A Chine-e report which states that Chinese banks in Shanghai have made $19,000,600 during the past year has refits ranging from several lakhs to
teen denied. by the banker who ex-picined that while foreign and Chin-
Sow i amd Ground Sections promis, Chinese commercial banks ese Government bonks made biggest
To Be'
Several lakhs and §1,000000 the most. only. made profits ranging between
He confirmed the report that many London, Jan. 22. ioo Chinese banks have established The Air Council has announced branches im the southwest in order immediate expansion of thé|io help the Government in develop-"Air Force volunteer reserve ing natural resources in the interior but denied that the Government had ever intended to levy the "Wartime Profit Tax" on the banks here as one H.M.S, Suffolk, 10,000 tons British cruiser, sailed from Shanghai at 14.25 yesterday morning for Hong-h the Philippines, Port Darwin and England, where she will undergo thorough overhaul before being recommissioned in September.
Under the command of Captain ES. Sandford Q, B.E. the Suffolk has been a member of the 5th. Cruiser Squadron (China) since January 1987, when she was commissioned at Chatham. She arrived in Shanghai op her last visit on December 20 from Weihaiwei and had been moored at the British Naval buoys up to the time of her departure yesterday, ^s reported in the "North-China Daily News" on Saturday, the Suffolk will make a short stay at Hongkong before proceeding to the Philippine Islands on a courtesy visit, From the Philippines the cruiser will proceed to Australia, and from that port she will make the voyage to Chatham, where the crew will be paid off and the ship will enter the yards for her qVerhaul.
Text read from the printed page and cleaned; old type leaves the occasional error.