The condition in the North-west now being more stable, the prospect of investment by Chinese bankers in those provinees had become brighter. Certain changes might be: made in connection with the programme drawn up by the National Economic Council for the development of the North-west as a result of his tour and these would be discussed by the Council's standing committee shortly. He regarded the development of North-west with optimism, Questioned about the China Development Finance Corporation, Mr. Soong stated it was a purely Chinese concern, the $10,000,000 capital of Which would be entirely subscribed by Chinese. Mr. Soong said he had no knowledge of the rumoured Tapanese objection to the proposed Development Finance Corpora-the objection being based on the allegations that the corporation would be backed by British—and American capital, "The allegations were absolutely groundless, Mr. Soong said.
In conclusion, Mr. Soong said he ad no report yet as to whether Dr. L. Rajehman, liaison emeer between the League and the N.E.C. of China, vould return to China or nol.
Text read from the printed page and cleaned; old type leaves the occasional error.