"The national oredit is the foundation of all financial undertakings of a country. China's credit has been suffering great impairment Intely, and there na hope that it cans restored. a Jong as bor vast amount of in-Aebtedness remains unliquidated and unadjusted. Until her oF@it ig Yestored, she will have hard times to get funds nested for her reconstruction and her people will not dare to make investment "along industrial and commercial ines. The amount of yearly interest for her total indcbtedne than 100,000,000. Therefore ther delay of the Special Customs Conference means further delay of the readjustment of her unsecured indebtedness.
"Tt has been stated that the Postponement, of the, Special Justoms Conferduce is due to the unsettlement of a ow diplonititic tations: Fe scans that daphotnseio controversy should not be al-Iowed to entangle with the Special Customs Conference, as. the unsettledness of every' diplomatic Question has its particular rea-fons, while the Special "Customs Conference has long before been authorised by the" Washington Conference. Then, take the diplomatic. question into consideration. It again. seems that any question" of importance should not be put aside indefinite.
and. that' the Government should observe the public opinion fand. judge the respective. importance of these unsettled diplomat.
questions "and. render" quick and" responsible decisions pon them.
"The financial situation in different provinces ie. also" in bad state. The overflowing of unredeemable notes as well aa bad Sliver and copper ce me eficiency of communication and transportation systems, the unsafety of travelling, the ever-increase of prices and the like all contribute towards the causes of Poverty. and. social upheaval. The relation between a nation and its provinees resembles that of the trunk and the brasiches of a tree The soundness of. provincial finance Is the basis of the soundness of national finance. We as people of the country should pay Retention not only to the financial Affairs of the Central Government but also'to those of the provinces. Tt is important that we should pay attention to the receipts, ex: penditure and. indebtedness of the Central" Government; it is Sti more important that we pay Attention to the problems of of the provinces, We should deal Feney and transportation. system
with these problems without partisanship, without prejudice and without fear. "We should pass fair and sound judgment' upon the same.
"The question of China' finance often. his close, international relationship and hence international obstruction _ofter an the part on of our foreign friends. China's huge amount ef~foreign liability and her big volume of international trade ital not only to the economic life of China herself, but also to the hi terprises of foreign nation we look forward for the smooth and prosperous economic dealings between China and other coun-internation ce-operation primary importance, pecially on the question of read: justments of China's finance.
Text read from the printed page and cleaned; old type leaves the occasional error.