The Archive · 1935

Unregistered Banks to Be Suppressed

The Ministry of Finance has formed bankers' "associations various places that the authorities nave een ordered to suppress banks which are not registered with the 'Ministry. 'The order further states that banks which have registered with provincial governments should also register with the Ministry and that no bankers' association should per~ mit unregistered banks to join the ascoclation as members Organized by the Kuangtung Provineial Government, a civil adminisation inspection party, consisting of fifteen members, arrived from Cai ton in the China Merchants s, Hal Li on Thursday afternoon for a two-months' tour in northern and central China to study the building, financial, and educational work carried en in various cities...

Mr. K. T. Li, the leader of the party, stated that the leaders in the south-west are ce-operating with the Central Government. He emphasized that the party has no political mission whatsoever. The members will first sit Hangchow and then Nanking, Tsinan, Tsingtao, and other places in the north. On their return trip to Canton, they will visit Loyan Hankow, Nanchang, and other cities in Hupeh and Hunan,

Text read from the printed page and cleaned; old type leaves the occasional error.

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