In an order approving the petition by the Native Banks Guild for a loan 'f $20,000,000 (since the loan is to. 98 given in the form of bonds, the mount has been increased to" $25, 000,000), Dr. H. H. Kung, Minister of Finance, instructed the' bankers to do their business with care and to exert their efforts in the maintenance of the credit of native banks, "Al though the world depression and the backwardness of China's Industry and commerce were partly to blame, the present tense financial situation of certain native was largely caused by bad administration By the same order, the banks were Instructed to present to the special committee reports of estate and abilities every week for examination. Should an institution be found' to be carrying on illegitimate business to the disregard of its credit, severe punishment would be meted out to the responsible persons. The Ministry would also detail officials to examine the conditions of the native banks from time to time.
The Bureau of Sociat Aftalrs of the City Government has also issued insirvetions (0 the various trade associations asking them to compile detailed information of business cou ditions of the small commercial and Industrial concerns and also reasons of the closure ofo Inquiry forms. ha given to the associations bution among the concerns
Text read from the printed page and cleaned; old type leaves the occasional error.