The secretary then gave out the agenda with some explanatory rerks. He said that Shanghai ig the naneial contre of China. It is re: ported that the total silver stocks here now are only 250,000,000 against banknotes issued to the value of culated to the members for approval before it was submitted, Committee Elected In order to deal with the situation collectively, all those present agreed that a proper organization should be formed. The title of Real. Estate Owners Association wag first suggested, but this was dropped for the Feason that the questions with which they were dealing ald not concern the real estate owners alone but the public at large. Later, the name of Commercial and Economic Associa lation was adopted. Forty-five directors, most of whom are real estate owners, were then nominated and elected by the meeting. 'These included Messrs, Vu Ya-ching, Wang Thating. Kuei Yinfong. Wel Ding-'Yung, James Lee, Chen Ling-sun, and 'Shen' Dien-sin.
'Acting on orders by the Executive 'Yuan, Gen. Wu Te-chen, Mayor of Shanghai, has instructed' Mr. J. K. Choy. Commissioner of Bureau of Finance of the City Government, to draw up relict measures for discus sion at a meeting of the various Dusiness leaders here to be called by Dr. LIH. Kung, Minister of Finance.
Text read from the printed page and cleaned; old type leaves the occasional error.