According to Reuter, Dr. Kung said: "The efforts "which the Chinese Government ig makin. to uphold public confidence domestic bonds are well-known. Recent years have seen a, national crisis, the spreading of bandit activities, and floods in regions of the Yangtze and Yellow rivers, while the situation has been further aggravated by world economic unrest and the rise of the value of the Chinese currency.
"These conditions bring about agricultural bankruptey and a deme in industry and commerce tother with financial dimeulties.
"In accordance with petitions from various circles, the Ministry of Finance, hoping to save a difeuit position and rebuild. the country's economic structure, introduced a new monetary policy in order to inject new life into the financial situation end give an opportunity for the proper development of various inclu tries, "The Ministry of Finance, therefore, on November 4 issued 'a statement concerning an improvement in currency in order {0 encourage production, to decrease the unfavourable bbalanee of trade and balance the budget, "In whatever may benet public or Is necessary for economic reconstruction, the Chinese Government trying its utmost to devise proper means and measures to meet, conditions so that the Government's position. will people'
"The Chamber represents leader of various industries, "It is hoped that it will spread these statements in order to enable all businessmen to understand the Government's purpose to protect public interests, and it is further hoped that everyone will join the Government in a com-Bined effort to effect economic reconstruction.
"Speculation Is always rife in the Shanghai markets and such action. which is entirely guided by personal interests, ig always misleading to the public, If frequent requests are made for the government to express its stand, not only would such steps be troublesome but they would give a change to speculators, tthe present time of unrest, it is unwise to disturb each other with false reports in order to obtain personal temporary benefits Central Political Council makes Article VII read:—
"When necessary, the Central Bank may, with the decision of the Board of Directors and the approval by the Board of Control, propose to the National Government for approval an Increase in the total amount of capital, and may solicit commercial capital, but the total commercial capital' shall not exceed 60 per cent. of the total capital."—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.