The Archive · 1937

CHINESE CAPITAL

FLIGHT STOPPED

New Measures by the Finance]

Ministry Successful Nanking, Aug. 29.

Flight of Chinese capital has stopped end market fluctuations have' been checked following the enforce ment of measures for the. stablisaon of the nation's finance during, the present emergency, declared spokesman of the Ministry" of Fin Reviewing. the ministry's" efforts)

maintaining tree circulation of) capltal_in the Interior, Ube. spokes man said that the four government Banks, namely, the Central Bank of China, "Bank of China, Bank of 'Communication ° and "the Farmers' Bank, have been instructed to open {olnt offices in leading cities.

Further to stimulate production in agriculture, Industry, commerce and ming, the four banks have also Been ordered "to open joint joan] Jextension and discount committees at the following twelve cities: Hankow, Chungking. Nanking. Nanchang. Canton, "Twinn, Chengchow, Chang: sha, Hangchow, Ningpo, Weihih, and These measures, the spokesman lieved, wilt help to inject life! blood into, the "nation's. Gnancial arteries and increase to no small tent the nation's strength In resist {ng external." aggression.—Central Banks open Ofices Nanking, Aug. 27.

'To Inject monetary ife-blood ints the domestic market, the Ministry" Finance has instructed the four gov ernment banks, namely, the Central Banke of China, the Bank of China, the Bank of Communications and the Farmers' Bank of China, to organize] discount and loan "committees "in leven tending "cles. "The elvan Hankovr, Chungking. Nan-'Nanchang. " Canton, "Tinan chengchow, Changsha, itangehow /Wusih and Wuhu—Centeat News, Sitver Shipped Hongkong. Aug. 28.

Owing to panic in Canton, vast Guantties of dollars and. bar' sliver Jere. being" shipped. to. Hongkong. Hundreds of cases of bullion, valued Jat "$80,000.000, "have already been, ore In warehouses under strong police guard. Further quantities are! arriving every hour by river steam:

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

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