Real Estate Bank to Be a Separate Institution Regulations governing ablishment of a deal with mortga the China Pinane ment Corporation. The institution will be a separate concern, however, and its organization will be taken care of by the Ministry of Finance, according to an official of the Cor poration, The nett profit of the Corporation last year amounted to $1,211,977.73.
addition to seven per cent. me terest on capital, a dividend of 3% per cent, was declared at the annual meeting held in the Chinese Bankers Club, In Hongkong Road, on Satur~ day afternoon. The business report dwelt on the financial situation in China and abroad during the past years since the concern's est ablishment and its work in strengthening its foundation and credit and for the promotion of Sino-foreign ce-operation for the development of the country, Soong, Chairman of the Bank of China, was in the chart, supported by Messrs, Hsu Kal, Tsuyee Pel, Jian Chen, Tang. Shu-ming, Hu Pi-idang, Singioh Hsu, Li Ming, Churtong Yih, Y. M. Chien, Hal, and other directors. Mr. Pao-shuh was elected a director.
Text read from the printed page and cleaned; old type leaves the occasional error.