This society was founded in 1917 in Hángzhōu 杭州. Not much about it is known, only scattered references survive. Fàn Gǔnóng 范古農 and Wú Bìhuá 吳璧華 appear to have been involved with it.
References:
Welch, Holmes. The Practice of Chinese Buddhism. Cambridge: Harvard University Press, 1967. P. 488