Banks Rearranging Only to Rumoured Tariff Increase Assist Market Causes Misgiving Shanghai, Apr. 3. Mr. T. V. Soong, former Minister of Finance, on his assumption of the chairmanship of the Bank of China, yesterday morning, stated that China will not resort to inflation, and that the policy and routine of the institu: tion wilt not be changed following the increase in Government capital.
Mr. Soong further stated in an interview:—The object of the resuming of the directing personnel of the three leading banks is to insure the carrying ut of a common policy to assist the market and maintain sound currency. Thave the assurance of the Government that there will be no inflation.'
'A group of leading bankers. visited the Bank of China yesterday and congratulated Mr. Soong on his _assumption of his new post. Mr. Sung Han-chang, the new General Manage. of the insiftution, also took office yesterday,
Text read from the printed page and cleaned; old type leaves the occasional error.