Mr. Liang Hung-chi, president of the Exectitive Yuan of the "Reformed Government" at Nanking, arrived in Shanghai on Monday and conferred with Mr. Wang Ching-wei on the question of forming a new central government by the latter which will require the former to wind up his business at the capital This is the first meeting between the two offici after the Tsingtao conference.
Mr. Liang is quoted by the "Sin Shun Pao" as saying that after the conclusion of the Central Political Conference, the new government will be organized, and that if the inauguration time is fixed before the second anniversary of his regime, the anniversary celebration meeting will be cancelled. He will then issue a statement winding up the business of the "Reformed" regime, it is stated.
No decision has been reached regarding the country's finances, it is revealed. But Mr. Liang is quoted as saying that a one-sided opinion is that the Hua Hsing Commercial Bank should be enlarged and re-! organized into a central bank. At the same time, some opined that it should be made a purely commercial institution to exist side by side with the new central bank in formation, it is pointed out.
Mr. Chu Min-yi, general secretary of the "orthodox" Kuomintang in Shanghai formed by Mr. Wang, has returned here from Nanking where he has made necessary preparations for setting up the new government. Sites for the various ministries and departments have been adequately chosen, it is reported.
Text read from the printed page and cleaned; old type leaves the occasional error.