The Archive · 1937

Situation Discussed

Measures to meet any emergency were discussed by local civie leaders and bankers in separate gatherings. Mr. Sun Fo, President of the Legislative Yuan, invited local businessmen to his residence in Columbia Road fon July 30, when their hearty support to the Government was encouraged and discussed. Local Chinese bankers also met and discussed the Snaneial situation with Mr.

Soong, Chairman of the Bank of China' and member of the Standing Committee of the National Economic Commission. Mr. Hsu Kal, Vice Minister of Finance, also arrived from Nanking. Measures for the bibization of the monetary and other markets were discussed.

In a telegram to its branch elfices all over China, the Chinese Red Cross Association asks that immediate pre-Parations be made for the organization of Mirst ald corps. The, Red Swastika Association is maintaining four such corps in the north. Local shatity organizations are planning fo establish war refugee camps in the north.

Communications Disrupted Communications between Shanghat and Peiping have been severed, however, that they will carry on their work.

Japanese business here has suffered an usual slump since the outbreak of hostilities in the north, and a cording to a Chinese report Japanese artificial silk trade is at a standstill

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

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