'A report on the work of the Acceptance House was then made by Mr. Perey Chu, the Manager, who said that on the inauguration of the Acceptance House on the 10th inst, membership comprised 34 of the leading modern Chinese banks in this city. In the course of the past ten days, however, four other banks have applied for membership, thus bringing, the total to 38, The reserve fund of the Acceptance House, contributed by the member banks composed of the Joint Reserve Board and its Clearing House, has been fully pald up. This. "fund amounts to a total of $7,023,760 (national currency), The total funds available for the acceptance of bills of exchange, Mr. Chu said, are fixed at $90,495,000, apportioned among the member-banks in accordance with their respective capital and reserves, With regard to the acceptance of native products as security for the bills of exchange, he said, that, for the time being, such native products are confined to the following category fes: rice, wheat, flour, general provisions, cotton, cotton yarn and cloth, sugar, silk, silleworm cocoons, tea, leat tobacco, coal, iron, and paper.
Bullion movements during February were more restricted and wholly imports compared with heavy shipments in January, the figures for the two months and totals for the period being: Goto Ineronre Goto Exrorrs on. on. Jan, 1936 ian Feb, 1990 31010, Total 1996 aula 1925 Total 70.008 Suen Tneronts Snuven Exronrs 5 Jan, 1996 1,288,000, 16,004,482
Totsi 1996 1.20,000, Feb. 1996 '12,600 '300
1995 Total 3280407 300
Text read from the printed page and cleaned; old type leaves the occasional error.