Having accepted advice from experts, the Chinese government at Chungking has finally decided to carry out two important plans for the purpose of using the surplus capital in Shanghai, states the "Sin Wan Pao." One of the schemes is to have Chinese banks establish an industrial firm in the interior to absorb idle money in this city.
A consortium organized by the banks will seek industrial expansion in the south-west and north-west while encouraging the public in Shanghai to deposit their money at an interest of seven per cent. The profit, it is stated. will be equally divided between the bankers and customers.
The other plan is to encourage people here to deposit their money with Government banks or big banks promising high interest. Depositors in this case can transfer their capital to the interior for their own use through the Government institutions, but the interest may be drawn in Shanghai, The report says that idle money in Shanghai has given rise to speculation, which in turn results in the increase of prices of commodities. To improve this situation. Chungking has decided to carry out the scheme.
Text read from the printed page and cleaned; old type leaves the occasional error.