These questions involve the spplication of a knowledge and experience in finance which the members of the committees of the Economic Conference possess and which none of the politicians, constituting either the present Nanking Government or the previous Peking Government, can boast to There is therefore some reason to believe that a feasible programme can be worked out by the committees. Whether that programme will be accepted by the Political Council in Nanking depends largely upon public opinion and the personal bravery of the bankers.
The committee which has to do with loans is headed by Mr. Lil Ming, who has managed the Sinking Fund for the $86,000,000 loans contacted by the Motions Gov. ernment. Mr. Li manager of the Chekiang Industral Bank—banker primarily and not at all a. politician. All the members of his committee are men of affairs, with a practical sense of the value of credit, They will, then, face this problem of loans from the standpoint of men who appreciate the value of credit, both personal and governmental.
Text read from the printed page and cleaned; old type leaves the occasional error.