The Archive · 1935

Harbin Flour Mitts Busy

'The second revision of the Custom: tariffs, which were enforced November, and Japan's retaliatory measure against' Canadian wheat fe a fillip to the four industry of Harbin, According to the latest statis-

The manager of the Thriftcor Bank branch at Hailar has drawn up a plan for its re-establishment. in. the form of a People's Bank, he now ig in Harbin discussing the matter with the local managers. His proposal is to ay out all the depositors who have ess than 100 or yuan, this requiring bout 47,000 of the assets of $147,000, while the remainder should be made {nto bank capital, by the Issue of 4,000 shares of 100 each, Halt of these shares would be kept by the Dank and half sold to the depositors Jand 25 per cent. of the shares held by depositors would be deposited in the bank on fixed deposit and $25,000 would be paid out in cash. By this plan the bank would open with cash in hand of $75,000. and not" only Would secure. the interests of the arlous depositors but also would Felieve the needy ones, 80 per cent, of whom are White Russians. If this accepted the bank would be placed under the control of the Cen= {ral Bank of Manchoukuo and the Russian Emigrant Affairs Bureau, By covering the "mountain" cir ult at Brooklands at 77.97 miles hour, Mrs. Kathleen Petre set new record in the F Class,

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

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