The Archive · 1937

Special Reserve Fund

Hankow, Jan. 8.

'Two measures for the disposal of profits earned by banks during 1937 fare announced by the Ministry of Finance in an order to the Shanghai Bankers' Association and the Shanghai Native Bankers' Guild, as follo 1, Those banks which branches situated in the war zone should set aside their entire net prof ite for the year 1937 to form a Spe-dal Reserve fund, which will be disposed of after the political situation becomes normal.

2 Those banks which have "no branches in the war zone may dispose of their profits as customary. However, they're urged to set aside portion of their profits, as far as possible, as a Special Reserve fund, which may be drawn upon in case of necessity.—Kuo Min,

Text read from the printed page and cleaned; old type leaves the occasional error.

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