Mr. Chang Kia-guan's annual statement to shareholders of the Bank of China gives an able review of the economic situation in this country. Tt comes appropriately from the head of a Chinese Bank which has been able for the first time to produce its report in.a form recognised by international principles of accountancy. The policy of the Bank of China too is developing usefully on the lines of financing industrial and commercial or-Jganisations and, thus, increasing fulfils the functions of central: bank. It will be noted that Mr. Chang
Text read from the printed page and cleaned; old type leaves the occasional error.