Chapters And Documents On Chinese National Banking
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The national banking system of China has failed completely that, instead of enhancing the credit of the 117 nation, it has seriously injured it. Moreover, now after a dozen years of opportunity, the objects to be attained by a reform of the system are precisely what the founders of the Hupu Bank had in view. Briefly these objects are to unify the control of bank-note issue, to unify control of the bank- ing of Treasury funds, and to create a bank productive of genuine services to depositors and... borrowers from the busi- ness community, thereby actively assisting in the develop- ment of the resources of the country.
The twin system of national banks stands squarely in the path of unified control of issue and of Treasury banking. Either the Bank of Communications must be stripped of all note issue and of all Treasury deposits, or else a scheme must be devised to amalgamate it with the Bank of China.
A course of unquestionable legality would be to strip this bank of its issue and of all of its Treasury balances ex- cept those of the Ministry of Communications.
What to read after Chapters And Documents On Chinese National Banking?
You can find similar books in the "Read Also" column, or choose other free books by Ray Ovid Hall to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The national banking system of China has failed completely that, instead of enhancing the credit of the 117 nation, it has seriously injured it. Moreover, now after a dozen years of opportunity, the objects to be attained by a reform of the system are precisely what the founders of the Hupu Bank had in view. Briefly these objects are to unify the control of bank-note issue, to unify control of the bank- ing of Treasury funds, and to create a bank productive of genuine services to depositors and... borrowers from the busi- ness community, thereby actively assisting in the develop- ment of the resources of the country.
The twin system of national banks stands squarely in the path of unified control of issue and of Treasury banking. Either the Bank of Communications must be stripped of all note issue and of all Treasury deposits, or else a scheme must be devised to amalgamate it with the Bank of China.
A course of unquestionable legality would be to strip this bank of its issue and of all of its Treasury balances ex- cept those of the Ministry of Communications.
What to read after Chapters And Documents On Chinese National Banking?
You can find similar books in the "Read Also" column, or choose other free books by Ray Ovid Hall to read onlineMoreLess
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