The first of the guests to speak was Mr. N, Nishida. He said that buying regard to the present international situation, China and Japan should let bygones be bygones, and work together in closer ce-operation both politically" and economically. The time had arrived when this eooperation was inevitable, especially in the field of economic development, fand the closer the ce-operation, the better the relations between the two countries. He concluded by wishing the Union success.
Mr. Huai En-yung of the Municipal government, representing the Mayo" of Tientsin' also wished the Union success and hoped that everything would work smoothly.
Other speakers were Mr. Liu Meng-yang, Me. Sun Jui-yuan of the Bureau of Social Affairs: Mr. Chi Hua. Presi. Gent of the Chinese Chamber of Commerce, and Mr. Li Hung-yn, President of the Chinese Bar Associa lon. They all stressed the importance of making the Union a real success, that is to say, economic co-
'The Japanese plans for a speedy' development of North China based fon mutual Sino-Japanese economic ce-operation has borne smit in the shape of an_ inauguration ceremony of the Far Eastern Economic Union which took place on Sunday afternoon at the Peiyang Hotel, Kotobuki Road, Japanese Concession.
There are fifteen directors of the Union, mostly retired officials of the forme? Peiping Governments. The head office of the Far Eastern Economic Union has been opened in the Japanese Concession.
Text read from the printed page and cleaned; old type leaves the occasional error.