The Archive · 1940

Emergency Bank

Regulations Chungking, "Aug. 12, 'The Ministry of Finance announces emergency banke control. regulations effective as from August 7 as follows: firstly. 20. per cent. of "a bank's ordinary deposits must be deposited with"any' of the four Government banks: "secondly, banks. may" nol sivectiy engage in business enterprises hoarding of commodities, whether {rough the barile or its. trust department and. other departments: Ihirdly, remittances to ports must be {fourthly, bank employees Uke Government officials cannot engage in business enterprises, Violation of the regulations concerning the frst and third points is Subject toa fine of from $3,000 $10000. Tt 'a banke or an employee engages in business the amount. of the fine shall not exceed half of the Capital invoived—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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