Willing to Invest Money in Native Land Shanghai, June 12, That Chinese abroad are most Jenthusiastic in investing money /China was the view given by" Mr. Chen Kung-po, Minister of Industry, upon his return from an. inspection trip from the South Seas yesterday morning by the Dollar liner, " Presi dent Jefferson. He said a group of Chinese residents in Singapore' are ready to organize a bank' with a [capital of $10,000,000 for the development of Southern Fukien, another group in Penang are willing to inves $3,000,000 to $8,000,000 for opening ailless tram service in Nanking, Jwhile one group in the Philippine Islands is planning to invest $2,000,000 to open a sugar factory in China According to Mr. Chen, Chinese overseas are patriotic and ready to spend their money on Chinese goods. Tt'is a pity that Chinese factories Jack a well-organized export firm to promote the native products abroad, ough some amount of goods been exported, the majority of these does not meet the requirements of the Chinese overseas.
During his trip, Mr, Chen visited Indo-China, Malaya, Netherland East Indies, and Philippine Islands, The JAnancial conditions in these places, the observed, are all different "french Indo-China, according to him, was probably worst hit by depression. "This was due to the encouragement by the authorities other three places to the cultivation fof rice, which had been formerly supplied by. French Indo-China, Due to the stability in tin trade, and ithe rise in rubber prices, Malaya is recovering from the depression.
Text read from the printed page and cleaned; old type leaves the occasional error.