Statement by Dr. Wellington Koo at Geneva Geneva, Sept. 2 Political and economic reconstruction In China had made notable progress in the past year, declared Dr, Wellington Koo, Chinese Ambassador at Paris and Chinese delegate to the League of Nations, in an address before the Assembly this morning.
'The achievement of peaceful relations between the Central Government and the Southwest, he said, consummated political uriily through: out the country, Tu the fields' of public health, hydraulic, ce-operative development and technical improvement agriculture, industry, electric communications, and motor, railway and air transport big steps had been made, Dr. Koo cited the report of the secretary of the Council's Committee fu China as ample testimony of the progress of his country, He then drew attention to the noteworthy solution achieved respect of the Chinese currency and foreign exchange problem, which, ho had baffled the Chinese for two years on account of the wide fluetuntion in the price of silver, Danger of Explosion Dr, Koo claimed that the measures adopted by his Government in November, 1995, had met with general approval and acceptance in China and had produced stable currency, a steady exchange rate, w stimulative effect on exports and a considerable reduction in the adverse trade The Chinese delegate next drew attention to political conditions. in the Far East, "With the intensifieation of preparations for war, the frequent movements of troops behind frontiers, the, multiplication of border incidents and the extension of armed aggression, the situation," he said, "is a dangerous one, There veritable danger of an explosion which will have serious repercussions In conclusion, Dr. Koo reviewed the Chinese proposals for reform of the League on the basis of the memorandum recently communicated to the secretariat—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.