2 Amount tssunble S224 00000 Grand "Total 14751-00000
It is stipulated in Article 9 of the regulations governing the Extension of Wet Wah Credits that "the amount of the credits (0 be extended in wei wah by the Board to its member-banks shall not exceed 70 por cent. fof the appraised value of the assets deposited us security." Based on such examination ax we conducted, we are satisfied that the proportion between the amount of the wei wah credits approved for extension to any. me dividual bank and the appraised value ff the assets accepted from such me Gividual bankes collateral security fas on the above date does not exceed the ratio permitted by the regulations, that the value of the assets a appraised is substantially correct this date,
Text read from the printed page and cleaned; old type leaves the occasional error.