The loans contracted years were used only for military purposes and not for productive work. Now China is in a period of political tutelage, he suid, and money is to be obtained for constructive work which will yield return, In this way the debts can be gradually repaid. If such foreign investments were utilized to convert China into a flourishing country, there should be no objection whatever, Loans of this kind stand on different footing with those that were lent to me dividual militarists.
The most important point, in Me. Chu's opinion, is that in all'foreign trade and loans, they must be sub-Jeet to Chinese laws and regulations, This fact is to be emphasized in all diplomatic dealings with respect to money matters.
The United Front Broken With regard to the recent China-Japan negotiations to settle all on standing questions, the Vice-Minister expressed very" little anxiety. Formerly the Powers gathered together to present a united front Is China, but such practice, he id, had fallen into disrepute.
Mr. Chu said that the frequent visits of foreign diplomatic officials to Nanking meant that Chinese and foreigners wanted to get together to discuss problems of great concern, What the Chinese people want is equality and with their support, all the "unequal" treaties will be abolished in no distant future.
Provided no political troubles break out, China will become a progressive and powerful nation, Mr. Chu predicted. No matter whether the Powers are sympathetic or not, China will assume a place of prominence in the family of nations, concluded Mr. Chu.
Text read from the printed page and cleaned; old type leaves the occasional error.