Loans will be advanced by the rik to farmers, but no grants will be allowed on real estate, the officials caled.
While engaging in general banking business to some extent, the new in-will entrust the Banks or a and Communications and the Provincial Bank of Hopei with mos: of the ordinary banking transactions. The Federated Reserve Bank, it was pointed out, will strive to become a Bank for the Bankers."
The new institution, the' officials said, will not establish any industrial banks, as most of the funds for industrial financing is expected to come from Japan—Dom flows into the Yellow River; at Ying-ho, on the east bank of the Yellow River, opposite Hanchen, in eastern Shensi; and at Puchow, north of Tungkwan, The Chinese Command, according to Chinese sources, is rushing reinforcements to guard the west bank of the Yellow River along the Shensi-Shansi border. Chinese newspapers to-day continue to feature the success of Chinese mobile columns in Shansi in creating havoc in the Japanese rear and flanks. They also claim the recapture of Kolan, an important city in north-western Shansi southeast of Paoteh If the report is true, it means that e rear of the Japanese forces operating on the east bank of the Yellow River in north-western Shansi is threatened.
Japanese claims that Japanese detachments crossed the Yellow River on Thursday in the vicinity of Hochu, in north-western Shansi, and occupied on the west bank of the river, in north-eastern Shensi, are repudiated in a communique issued by the Chinese Military Headquarters,
Text read from the printed page and cleaned; old type leaves the occasional error.