"On the occasion of the founding of this bank, the Government wishes to make clear its readiness to extend assistance and advice to existing financial institutions in their awakening and rehabilitation.
"The Government hopes that the public, both domestic and foreign, wil Apirecitte rod panions for the foünding of the and its policy, and will utilize it as well as cooperate with it with understanding.
"In closing we wish to take particular note of the ce-operation and assistance extended both
japan, our friendly nation, privately by the g ME RAND. of this bank.
expressing our appreciation, we Ope for continued advice and encouragement to the new institution."
Ca-operation Asked Vice-Admiral Shizue Tsuda, LJ.N.R., director of the Central China Liaison Office of the Asia Development Board, called for public ce-operation in developing the new institution in an address at the inaugural meeting.
The Kupmintang regime, he recalled, had restricted bank deposit Withdrawals, at the same time prohibiting the transportation of National currency notes into Japanese-flags occupied territory. The subsequent ess of credit, Vice-Admiral Said, was causing serious hard-moreover, we are all aware that Government currency de-by 40 per cent. of their r value all at once last spring," he continued. "This inflicted a great JAM Io 8 area number of people.
though the fapi have managed to up to an exchange value of pence thanks to the support EAD Powers, it is evident that "future is unstable. This is best recognized by the Nationalist Government itself as well as those foreigners who are supporting the fapi.
"It is for this reason that the Government has estab-a Stabilization Fund by appealing to rear Britain in an effort to halt a further depreciation of its The Hua Hsing Commercial Bank, Tsuda said, was being by means of Sino-Japan-ition to forestall losses
Text read from the printed page and cleaned; old type leaves the occasional error.