Tokyo, July 1.
The Japanese press declares that a special Japanese bank will be estab-shed. in north China to. facilitate economic development there by means of extensive financial operations after the fashion of the Hongkong"& Shanghai Banking Corporation, The view is advanced in some cir= cles that the desired objective could be attained by enlarging the activi-tes In north China of either the Yokohama Specie Bank or the Bank pears that pr erence is being given in the Japane Ministry of Finance and the Bureau of Manchurian Affairs, which is controlled by the War Ministry, proposal to establish a special new bank.
The proposed North China Bank, it Is understood, will handle foreign 60 exchange, commercial financing, bill discounts, and financing of ' real estate, in addition, the bank may issue notes.
"The proposal to establish a special bank originates in the criticism that the delay of Japan's economic, programmes which were planned to go hand-in-hand with her political mea sures in north China is preventing stabilization of the sfluation in spite fof the fact that the cornerstones were Laid for Japan's north China policy when the East Hopel Autonomous Government and the Hopel-Charhar Political Committee were organized, In view of the fact that the Ministry of Finance, as well as the Bureau of Manchurian Affairs, has taken up th proposal and a tangible study of the subject is being made, the establishment of the bank is expected in the near future.—-Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.