Nanking, Nov. 2
-The National Industrial and Commercial Conference convened: under the auspices of the Ministry of Industry Commerce and Labour for the consideration and "adoption of schemes for. the development domestic industry and commerce, he promotion of foreign trade and, general, advancing the economic development of the country, was formally opened yesterday morning the auditorium of the Officers' Moral Endeavour Society. Dr. Lil It. Keng, Minister of Industry Commeree_and Labour, presided and Over 170 delegates were present.
'Aiter the usual opening ceremony jos, Minister' Kong delivered a lengthy address on the meaning and scope of the Conference, of which the following is a summary:
Whether or not the industry and commerce of a given country are snaking progress, as well as the rate which such. progress is made depends, in the frst Instance, upon the Jndustvial and commercial policies Adopted by the Government of that Couniry. "The degree of success to thigh such pelletes may be carried is, in its tur, determined by the extent to which the industrial and business interests in the country cooperate with the Government, {s"in fall realization of this that, jer since the inmiguration of the iniatry, I have Axed open, as my main policy, fall cooperation between Government and the Merchants the one hand, and between capital fand labour on the other.
"This conference is therefore called not only: to invoke the aid of prac-Heal business men and experts the determination of polities and programs for industrial and commercial development but also. pave the way" for full cooperation Between the Government and. the merchants. On this auspicious octasten, T think it Is not out of place Yor mo to enumerate, for your con fsileration, what T consider to be the Main tasks of the Conference:—
Consolidation of Finance: White the causes of the present decline in our commerce and industry are rather, complicated "and multifarious, there can be no doubt that the following are some of the note important ones, namely, defieleney. in capital and rates of interest; lack of adequate safeguards for investors; the chaotic Condition of the domestic currency Sind. the consequent. fluctuations the rate of exchange, Measures should therefore be devised for the Adoption of a new currency stariddard, the provision of adequate sate: nards for foreign and Chinese in-astors and the restriction of reck-Jess and unscrupulous speciation, 2, Development of Basic Indus-trios: The Ministry has already nul knitted to the Government a {fot the development of various basic industries of the country: and the opening of sugar refineries, wool. Jem and textile factories, Improvement of Industrial and ganizations: While the various commercial, industrial and Tabour organizations have ready. been reorganized' in accord tance with the new laws, i stil re-fins for them to exert themselves in anier to reap the benefits of such organizations. Petiodical investig:
commercial and industrial te improvements while legal and appropriate methods should also be adopted for the settlement of disputes between capital and labour.
4, Introduction of Methods. of Scientific Management: The pritive methods to which many of the business firms and factories still cling contribute in no small measure to hinder business prosperity and decvoase the efficiency of work. Scientific methods of management must therefore be widely introduced.
5. Improvement of the Special Products of the Country: While China is ich in natural products, owing to inferior "and small scale production they are inadequate or unsuited to meet current demands at home and abroad. Amalyamation of various producers and production on a large scale must be encouraged.
6. Promotion of foreign trade: For the past 20 years, imports have Far exceeded our exports. In order to remedy this situation, a protective policy must be adopted and the quality of Chinese exports improved. A'Poreian Trade Committee and an Export Trade Association must also
Text read from the printed page and cleaned; old type leaves the occasional error.