Shanghai, Nov. 10.
PHE Central Bank of Chin building at the corner of Kiukiang Road one the Bund was tak lives of the new Nanking regime police and some officers from th en over yesterday by representa-in the presence of the Settlement Japanese gendarmaric.
Although no official inf motion could be obtained as to the} ultimate purpose of the procedure, it was learned from reliable Chinese sources that the Ministry of Finance of the new regime would establish its Central Bank of China in the building once occupied by Chungking officials.
Prior to taking over the building, the Japanese gendarmerie had notified the Public Works Department of the intention of the new regime to {ake over the property. Officers at~ tzehed to the Central Police Station were Joter sent to the building for inspection shortly after 9 am. They opened the front door with a key ax the building had been desert-for some time. past and went in and inspected the premises. There were no responsible men inside the slruelure except some watebmy when the police party lett just Tore noon, Barly ili the afternoon. the bullling. was taken over although no high cMelals. from Nanking were inside yet, 'The courtyard of the bank Dutiaing was then humming with ace tivity "and tvmed "political police hached to the new regime were evidences, Although their number could not be ascertained, many of them, some In. black uniform, and tome' In plain-clothes. were " seen walking to and fro behind the locked door of the courtyard which, when Toft side of the main two-store bank. building, Admit Tdentity Questioned. they admitted that they came from the Shanghai Branch the Political Police of the Ministry Police in Nanking which Tocated at 76 Jessfeld Road and that they were there to guard the build Some constables attached (0 th building having, bee allow any one to enter without per= rmilssion from proper authorities, Tudaing from the nature of aelivie ties inthe building yesterday it would appear that there would be tome repairs and renovation would bbe done before new Chinese ofcials move in, Many coolies were inside cleaning the place in the morning and they left the building pulling way a wheelbarrow loaded with erbago nnd some coal.
The building was vacated long ago by Chuneking oMelais and later SMC. schoo! was housed in it. The school moved to Great Western Road some time ago leaving the property entirely unoccupied, It ts. said thi premises had been sold by Chung king oficiols to some foreman interests and if this information is correct then ft would appear that new Ch'= ese oMeials may encounter dimeulty In carrying out their banking scheme bby using the property, Of Historic Importance Having once been the afer of the ohimet Rusto-Asiatic Banik, the Cential Pork of China Building Is of Historic importance. After obtaining the property. the Kuomingtang 'aMeisis attached to the National Government of China functioning it Nanking prior to the war used the Froperty as the office of their oMeial bank, Practically all the most. im= Porlant officials in Chungking have wade use of the building in one oF the other, Both Dr. He H. Kung. present Minister of Finance Chungking, and Mr. 7. V. Soong: now in America, had oimtces in the bank when they served concurrently fas governors of the Ministers of Th Chiang Kalshek hin the building to see Dr. Kung off on the coronation mission to London The fact ths Nanking Central nex of Fi ved to be eoMr Wang Chine ho creed his wish for such Jong ago. and soon a" preparatory committee was formed. As the issue of new notes is one of the financial schemes to be carried out by him, Chinese elreles attach great import: fine to yesterday's transfer of the Many' months ayo, the old Bank of Commniinieutions Building on. the Bund and Honkew Road was taken over by Japanese gendarmes. event ing a strange situation since many Chungking-appointed bankers and their assistants were still inside the building taking care of deposits one trusted: to the institution by Chinese and the only Chinese Government bank. building standing on the Bund which remains unmolested is the noyly erected Bank of China B Ing construction of which has not yet been completed, To House New Bank Nov. 1, Having taken over the old_premises of the Central Bank of China Saturday morning. after the ding hod been vacated by the the Nanking regime representatives will take over the building at 6 The Bund, also a. Chinese government bank Feeently occupied "by the Russian Regiment. in the course of the next 'Several days ago, when the Rus sian Regiment. was' notifed that it to move. tothe Race Course billets, unoccupied since the departure of the British troops from Shanghai, several Japanese called there and inspected the building.
The buildings at 6 and 15 The Bund were vacated during the Sino~ Japanese hostilities in Shanghai and were unoccupied for some time until the Shanghai Municipal Coun-obtained the buildings to house the Russian Regiment, which at the time was without accommodation, being temporarily. stationed in. the building at the corner of Szechuen and Nanking Roads.
Reliable Chinese sources reported on Saturday that the premises at 18 The Bund. would be used by the new Nanking regime to establish is" Central Bank of China. The ulldings housed a company of the Russian Regiment and the Nich Chih Kuei Public School for Chinese. The latter were recently removed to Great Western Road. The some sources indicated that Chungking offilals had sold the houses to some foreign interests, The premises at 18 The Bund at resent under the Shanghai Branch the Political Police in Nanking, many members of which were seen walking in the come pound.
The Russian Resiment. meanwhile, has completed its removal to the Race Course billets, which are Jarge enovizh to accommodate all the three companies and the Mead-quarters staff, Less enmfortable than the premises on the Bund. the billets nevertheless afford members of the Reciment. more space, while sorts activities will receive @ bigger boost since the. billets contain all the fnellitiee to develop physical crile ture, The only hitch encountered the Russian Regiment is the detailing of Ruards to pontoons. but this has been solved" favourably, the entries being picked up by a lorry which is sent to the Burd every two hours.
Text read from the printed page and cleaned; old type leaves the occasional error.