CAPITAL BANK PAID UP RESERVE Hongkong and Shanghai Banking Corporation $5,000,000 $15,000,000 International Banking Company of America 3,250,000 3,250,000 Deutsche Asiatische Bank 5,500,000 3,000,000 Yokohama Specie Bank (Japan) 10,000,000 7,000,000 Lloyd’s Bank (British) 20,000,000 15,000,000 Chartered Bank of India, Australia and China (British) 4,000,000 5,000,000 Netherlands Trading Society 18,000,000 2,000,000 Netherlands-India Commercial Bank 6,000,000 700,000 Russo-Asiatic Bank (Russia-France) 19,000,000 4,000,000 National Bank of China 1,500,000 400,000 Banque L’Indo-Chine (French) 6,000,000 3,000,000 Bank of Taiwan (Formosan Japan) 1,800,000 300,000 Mercantile Bank of India (British) 5,500,000 800,000 Eastern Bank (British) 2,000,000 Chino-Belgian Bank (Belgian) 2,000,000 It will be noted that with one exception all of these banks are strong institutions. The hoary patriarch among them, endowed with exhaustless strength still, is the Hongkong and Shanghai Banking Corporation, which has been operating in China since 1865. There is a movement in Canton to establish an “Industrial Encouragement Bank”. The merchants are anxious for currency reform throughout the kingdom and the establishing of coins of fixed value on the American decimal plan, but going to a lower decimal to accommodate small trade and the lower values of China. It is also proposed by prominent members of the Nanking Assembly to establish a Sino-American bank, plans for which were laid just before the October, 1911, revolution. At the height of the revolution in November, 1911, the rebels did a remarkable thing successfully at Shanghai. The loyalists at Peking were unable either with their own imperial Ta-Ching bank, foreign loans, or the immense ramifications of the Shansi Bank guilds, to uphold their credit, and the chief fighter of the Manchus, General Chang Hsun Chung, could not pay his troops. The republicans at Shanghai under Sheng Wan Yung, minister of finance, and Wu Ting Fang, foreign secretary, organized the “Chung Hua” Bank at Shanghai with a capital of 5,000,000 taels. The shops immediately took the money at a high premium, doubtless to give an impetus to confidence. “Chung Hua” is the Chinese name for China. It means “central glory”.