The banks have reduced their interest so as to tempt the rich to invest their money in business enterprises in the interior. In free China, it is learned, the interest of deposits has been considerably increased while Shanghei banks will give every convenience to those who want to remit money to the interior. It is stated in the Shing Sheng News Agency that the Government will guarantee the safety of investments made by Shanghai banks so that they will feel easy in moving their capital to the interior.
Two organizations started jointly by the Hongkong office of the Chinese Chamber of Commerce in Shanghai and bankers have been ordered by the Ministry of Economics to persuade bankers and business men in Shanghai to use their money in the interior. Their efforts have been crowned with success. It is estimated that during the past six months about $600,000,000 has been remitted to the interior already as a result of this persuasion. The sum does not include the money remitted privately or through shops.
Text read from the printed page and cleaned; old type leaves the occasional error.