Nanking, Dec. 1.
At the request of the Shanghat Bankers Association, the Ministry of [Finance has approved regulations by which overdraft facilities are granted to private Chinese banks by the three Government banks, namely, the Central Bank of China, the Bank of China, and the Bank of Communie: tons." 'The facilities are granted to the banks, it is understood, better to, fenable them to maintain' a strong. Hiquid position and to facilitate their fund movements.
According to the regulations, the size of an overdraft Is to be determined from time to time by market conditions. The sum over drawn, it Is stipulated, is to be advanced by the three Government:
lowing preportions:—Central Bank, banks in accordance with the, fl-40 per cent; Bank of China, 40 per cent; and Bank of Communications, 20" per cent. The securities against the overdrai, it Is stipulated, will be kkopt in the joint custody of the three banks—Ceniral News, A NEW JAPANESE WOOL,
Text read from the printed page and cleaned; old type leaves the occasional error.