Attention may fittingly be drawn the comments made by a Chinese insurance expert on the legislation recently passed with the object of stimulating Chinese insurance activities, and preventing the "export of Chinese capital abroad". This legisl tion discriminates heavily against foreign insurance companies as this, Jovrnal has already pointed out. Mr. 'T. L. Shen, in the interview reported elsewhere to-day, analyses the meos lure and comes to the conclusion that it will produce effects opposite to those which the promoters have in mind. By impeding the free flow of capital the Government will actually, deter the foreign investor from putting money into Chinese industry. Incidentally Mr. Shen points out that the idea that the operations of foreign insurance companies leads to a vast export of capital is ill-founded. He makes the sage suggestion that the Government should strengthen the standing of Chinese insurance com-
Text read from the printed page and cleaned; old type leaves the occasional error.