What Mr. K. P. Chen Told Japanese Pressmen Kobe, Mar. 16.
Describing an American loan to China 2s "factually impossible," Mr.
Chen, General Manager_ of the Shanghel Commercial and Savings Bank, to-day denied that the purpose of his trip to the United States was to seek financial assistance.
He is accompanied by Dr. P. W. Kuo, director of the Bureau of Foreign Trade of the Nanking Government, and., they arrived here this morning in the s. President Pierce, which continued her eastward jour: of the Chinese Economic Mission last Sutumn," Mr. Chen told reporters, "I am about to visit America and Europe to Investigate banking and ancial conditions.
"Atler my return from abroad six! years ago, I was too busy to take {rip of this kind. Having found some free time, I decided to take this trip," he declared.
'Mr, Chen said' he believed that in view of the rapid changes that have taken place in the financial world of Europe and America during recent) years, he felt that the time was opfortune to investigate -new systems and their results for possible applica tion to China—Domel,
Text read from the printed page and cleaned; old type leaves the occasional error.