The rumour that the bankers' conference here may abolish or curtail the present allotments of foreign exchange was denied today in official circles here, This subject, they explained, was not even being discussed, Changes in the foreign exchange allotment system are, however, urged by the Chinese press, as well as by Chinese economic experts.
Some newspaper's suggest that api plications for foreign exchange should be received not through private foreign banks but direct by the Central Bank, or by the four Goernmeyit banks (the Central Bank, the Bank of China, the Bank of Communications, and the Farmers Bank)
Such a practice, they contend, would enable the Government to exercise a closer scrutiny whether the allotments asked for actually represent legitimate needs.
Other circles suggest that the allotments should be made in proportion with the amount of Chinese goods imported into various foreign countries.
4 Aid to Agriculture Among the important measures discussed yesterday by the conference was the decision of the Ministry of Finance to permit local financial institutions to obtain, without interest, one-dollar and fifty, twenty and ten-gent notes from the Central Bank. Bank of China, Bank of Communications, and Farmers Bank for, the pur-Pose of granting loans to agricultural, industrial and mining enterprises, Local financial institutions are allowed to hold such rotes for two years. The measure is devised l. To encourage local financier institutions to grant loans to productive enterprises, 2. To increase production for war time needs, 3. To utilize frozen property.
4. To increase capital for new enterprises.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.