Despite the war of resistance and the changed situation, Chinese. banks Shanghai are enjoying a firm pose tion and are ready to welcome the now year with eonfdenee, A review Chinese reports published by tend {ng Chinese dailies reveal that the Institutions have ample means heir disposal and that their position {seven better than that during the previous year, Commencing tomorrow the banks will be closed for three days having completed calculating the year's Me terest on deposits of Various kinds, The situation ts on tively in favour of the Chinese banks here, it isi Following the outbreak of "the European conflict, there has been a Aight of capital from Hongkong. Shanghai and as a result, so much money' has been sent ba ut banks following th tion of interest on dene mmereial institutions and ai ups followed in the ent British and Ameri in credits it is stated, have Chinese dollar and speculators been much discouraged.
Text read from the printed page and cleaned; old type leaves the occasional error.