Nanking, Nov. 7.
A. total of $232,644.60 (equivalent to £25,500), towards the reduction of the loan obligations of the Nanking-Shanghai Railway Administration, has been remitted to the British and Chinese Corporation, itis learnt of the Ministry of Railways. The sum includes three instalments due for the Purchase of railway materials. been remit 7 Shanghal-It is also learnt that $32850058 has Hangchow-Ningpo Railway Administration for the amortization of its oan obligations since June. This consisted of $170,173.53 (equivalent to £13,147, 145, 64.) to the British and Chines Corporation, and $158,366 to the China Development Finance Corporation. Payment was made in four Instalments each to the two Corporetlons—Kuo Min.
Bank of Chosen Promises Its Assistance Tokyo, Nov. 8.
Directors of the Bank of Chosen yesterday pledged their assistance the projected monetary reforms: in' Manchoukuo.
The Banks of Chosen and Man-Jchou, represented respectively by, Mr. Mitsugu Isobe and Mr. Isolchi Washio, will decide to-morrow on the details of the agreement for the transfer of certain functions of the JJapanese Institution to the Man-Jchurian bank, The Bank of Chosen generally expected to seck a guarantee against losses it may Jincur when Manchoukuo banknotes replace its own.
The Cabinet approved on November 4 a bill providing for ald. to Hsinking, in, the latter's efforts to contro! and stabilize its currency. [The mesure also assures the use of ]Manchoukuo currency "to-the great Jest possible extent" by Japanese' residents in Manchuria, outside of the Kwantung Leased Territory. The bill is designed (o result eventually yen-yuan parity.
'The Manchoukuo Government's steps will include regulations pro-Ihibiting speculation and limiting' the circulation of foreign currency and [gold reserves for the purpose Officials of the Banks of Japan land Chosen and the Yokohama Specie Bank pledged their ald in the Manchoukuo currency reforms on Novem: ber 5, at a meeting called by the [Ministry of Finance.—Rengo.
Text read from the printed page and cleaned; old type leaves the occasional error.