The cabled summary of the provisions of the proposed legislation to deal with insurance companies in China suggests that the Legislative Yuan has given its approval to 2 most sweeping measure, the application of which to the conditions prevailing in China will cause much dislocation of business and, in fact, render certain insurance operations quite impossible, to the grave disadvantage of the country. The law does not come into force until it has [been promulgated and, therefore, the Government will be able to consult insurance and other important interests before it takes further action.
Text read from the printed page and cleaned; old type leaves the occasional error.