Peiping, Dec. 26 A "Federal Reserve Bank of China" has now been founded here with the ce-operation of Japanese and Chinese banking circles. The new bank has a capital of $50,000,000.
It is hoped here that the new bank will be supported by the Peiping branches of the Bank of China as well as of the Commercial Bank, as both these banks have always preserved considerable independence of their respective central banks at Nar king. The founders of the ne financial institute expect to obtain Japanese credit of about Y.100.000,000.
—Trans-Ocean,
Text read from the printed page and cleaned; old type leaves the occasional error.