Financial conditions-since the start of the present hostilities were reviewed at the closing session of the conference by Dr, H. H. Kung, President of the Executive Yuan and Minister of Finance, Dr. Kung declared that outside the war areas, where withdrawal of deposits became evident when warfare threatened, deposits in banks in the interior had increased, especially in Hankow and in the provinces of Kwangtung, Szechuen and Hunan. although many banks had ceased.to give interest on current deposits or had redüced the rate.
Furthermore, Dr, Kung continued, while many banks had removed their offices when areas were evacuated by the Chinese army, few of them had closed their doors since the war began, and those small local banks which had found it necessary to spend operations owing to bad business had all been able to pay their depositors.
Despite the war, he went on, there had been a continuous demand for Chinese currency notes in the interior, The amount of remittances had shown a great increase since the beginning of the war, especially from threatened areas to Szechuen, Hunan.
Yunnan and Kwangtung, One of the gravest problem before them, Dr. Kung went on, was to alleviate the plight of the' farmers who not only lacked capital but had been hard hit by the falling prices of farm products and by transportation difficulties resulting from the war, He urged credits to farmers and the raising of the prices of farm products,—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.