Chicago, June 29.
Mr. F. A. Alexander, a salesman for the American Munitions Ca, testified before the National Labour Relations Board hearing to-day that the Inland Steel Ca. had purchased ten 12-gauge shot-guns and 250 shells loaded with rock salt four days before the inception of the present steel strike. After the outbreak of the strike, he said, he conferred with company officials regarding the purchase of tear gas bombs and other forms of chemicals—United Press. capital the owners of which were seeking profitable investment opport-. unities. He said some owners would probably be glad to obtain four per cent, interest from a China conversion loan, instead of nothing, particularly in view of the {ari that China's credit was firmly re-established.
Dr. Kung said China's projected five-year economic plan was designed to include enlarged domestic manufactures, reducing the nation's dependence on imports.
For the economic and industrial development of China, Dr. Kung said, "we need scientific knowledge, tech nical skill and capital. Following the teachings of Dr. Sun Yat-sen, we welcome foreign ce-operation. We want to develop China's vast resources, not only for China but also. for the world,"
Text read from the printed page and cleaned; old type leaves the occasional error.