Rumour Fabricated by Unscrupulous Speculators Nanking, Mar, 24. Rumours current in the bond market in Shanghai to the effect that the Chinese Government is considering the nationalization of gold were Fidiewled by a spokesman of the Ministry of Finance, who branded such reports as groundless fabrications by unscrupulous speculators. "Those who have any knowledge of China's economic and financial conditions should be able to sce the falsity of such rumours," he said.
Concerning' the organization of a real estate mortgage bank, it is stated much progress has been made in this direction by the China Finance Development Corporation, which is entrusted with the task. "It is also pointed out that, as a mortgage bank bound to have close relations with the various foreign banks in. China, Mr. 'T. L, Soong, managing directo of the Corporation, is now exchanging views with foreign. banks—Central News.
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