The Archive · 1935

Reserve Board in North

Nanking, Nov. 13.

Complying with the request. of banking circles in Peiping and Tientsin, the Ministry of Finance has decided" to establish a branch in' Tientsin of the "Currency Reserve Board. It is understood that the Board will be composed of representatives of banking circles and the Chambers of Commerce, with Mr. Chou Tso-min, President of the Board of Directors of the. Kincheng Banking Corporation in Peiping, as chairman—Kuo Min, Kwangtung Accumlates Sliver Canton, Nov. 14.

was announced here to-day that, 2 result of the mew financial and currency measures which went into effect on November 8, $15,000,000 in silver has now been accumulated by the Kwangtung Provincial Bank, and that at least $4,000,000 more. is expected to be tured in during the next few days.

Meanwhile, the Government is pro-seeding with its plan to establish Provincial Reserve Board comprising members of the Government, the Chamber of Commerce, banks and public bodies.

Regulations governing the organization and function of this board were adopted to-day by. the" Provincial Government—Reuter.

Canton to-morrow, and then proceed to the capital on November 16 in company with Mr. Lin Yiechung, an-fother prominent Cantonese member lof the Central Executive Committ tis persistently reported here 'Mr. Hu Han-min, the veteran Cantonese statesman who is at present. Jabroad in Burope, will shortly return to China and become head' of the Executive Yuan. Prior to his return, Mr. Chow Lu, prominent member of the South-west Political Council, will Probably act for him, The prospects of national solidarity have been greatly stimulated by Patriotic feeling in this area.

Commenting on his telegram to Nanking, the text of which was published yesterday, Mr. Hsiao Fu-chen, [Prominent member of the South-west Political Council, stated to-day that he sent the message in his capacity as a member of the Central Supervisory Council in the hope that el-low members in Nanking could exert their influence to bring about internal solidarity to solve the national crisis. He emphasised that only si cere unity could save the country's

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

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