Purely Chinese Concern: No Foreign Shares In view of the many speculations now being made' regarding the' mature of the North China Economic Union recently established, authorita~! tive quarters in Shanghai clarified
lon, the constituents of the new organiza 'The Union, it is stated, is organized by the Chambers of Commerce of 'Tientsin and Peiping and a number of prominent bankers and economists north China, its sponsors including Mr, Chou Tso-min, Chairman of the! Kincheng Banking' Corporation, and Mr. Wu Ting-chang, Chairman of the Yien Yieh Banking Corporation. Messrs, Chou and Wu, it will be! remembered, have been the pro-! moters of the powerful bank-combine, the Joint Treasury of the China and South Sea, Continental, Kin-! cheng, and Yien Yieh Banks, 'The' Hopel provincial, and the Peiping and 'Tientsin municipal, governments, It is said, help the Union only in, an' advisory capacity.
The Union, it is stated, is purely a chinese concern, and not shared by any other nations, including Japan—Central News.
Text read from the printed page and cleaned; old type leaves the occasional error.