Nanking, Sept. 13.
the Chinese Insurance Association has sent three delegates to request the Legislative Yuan to revise its rulings concerning the affixing of stamps on insurance policies. "Several points are raised by" the Association, among which are the impracticability of affixing the same amount of stamps on Aife insurance and property insurance polloies which have different periods of maturity and expiration—Central News, New Compact Office to Cut Down Expenses In, order (o cut down expenses as muches. possible, Mr.
Hough, liquidator of the Ameriean-Oriental Banking Corporation, the American-Oriental Finance Corporation, and the Raven Trust Ca, and hig staff will move into offices in the Dollar Building, Canton Road, at the end of the month. Mr. Hough puinted out on Monday that, as the present filices are in the American-Oriental Banke the cost of heating the premises alone during the winter months would be prohibitive, in view of the smallness of the liquidating staff, which, incidentally, gradually is Doing reduced as the work of clearing-up proceeds. Another point, he said, would be that in the new otices the staff would be more compact and closer together, with a corresponding acceleration of work. At the presen: moment, the staff are somewhat scattered.
it's the first I've heard of it" he] said, when asked regarding a rumour that he was negotiating for the sale fof the bank property, which is owned by the Asia Realty Ca, of which he is the trustee. It was hoped to sell it at some future date, but as yet no really strenuous efforts have been made in this connection, Regarding the appointment of Mr. Huang Tsung-hsun, a Chinese lawyer, by the Ministry of Finance, to water over the liquidation of the American Oriental Banking and Finance Companies, he expressed himself as being Somewhat surprised at this step. It is understood that this has been done for the purpose of safeguarding Chinese. financial interests, but, as he pointed out, the liquidation is ing conducted under American law, atid the interests of all, of any nationality, will be equally looked after.
Reports on the Asia Realty Ca. anc the Raven Trust Ca. shortly will be
Text read from the printed page and cleaned; old type leaves the occasional error.