China's relations with the League of Nations led during the year to the issue of two more important reports by experts who had visited this country. Dr. Rajchman, the accredited technical expert from the League completed his report April 1. Dr. Rajchman's recom~ mendations were framed to secure China's more extended and intensive use of the League's technical organt~ zations. Sir Arthur Salter's Revert appeared in the following month. The result of a three-months visit, it mie development dressed to" the National Feonomle Council, China's depression was attributed by Sir Arthur to currency deflation, the Manchurian trouble, Communist disorders and disturbed conditions in Szechuan, Sinkiang Fukien, So, in the winter of 1991-32, China passed from a period of moderate prosperity into severe and depression. The report 'a mitigating factor of con siderable promise the increase of Tight industries operating in small units and concerning @ large range of specialized industrial products. That was the only bright spot: successive disasters had been sapping the general economic system. The legacy of past conflict in taxation was. constantly increasing and the Burden of Provincial land taxation had been enhanced greatly since 1027 and was all the heavier owing to the low prices and the depressed conditions of agricultural produc~ ton.
Text read from the printed page and cleaned; old type leaves the occasional error.