Peiping, Dec, 26.
Moving to ensure financial stability in the area under its control, the Provisional Chinese Government today decided to create an Associated Reserve Bank of China.
Capitalized at $50,000,000, the new organ will issue currency accepted at par with the Yen and the Manchoukuo Yuan, The capital of the Bank will be subscribed in equal parts by leading Japanese and Chinese banking organization.
Japanese institutions participating in the project, it was learned. are the Yokohama Specie Bank and the Bank of Taiwan.—Domei
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