The four Chinese government banks which have branches in Shanghai have now received orders from the joint head office of the banks at Chungking to enlarge the scope of their credit-granting activities among civilian industrialists, In doing so. authorities of the bank have. as their ultimate purpose, the increase of industrial production by giving financial help officially to smal] but enterprising business men. in addition to financing various state-controlled enterprise:
In the past. it is said. the banks have granted credits amounting to $1.600,000,000 to manufacturers who are mostly connected with state-controlled enterprises. but the new order requires them to pay equal attention ilian industrial enterprises. The to grant loans to indus-item. of $300 as a prerequisite for obtaining an export certificate from an office in the Western District, was then already very suspicious as it had been agreed that the first payment should settle everything. He Fulford Ca,, Ltd, of Canada)
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