New York, July 6. core Tyau wish to invest your surplus capital in China," said "Dr. H. H. Kung, addressing himself to prominent American industrialists and bankers who comprised the majority of 200 guests present, "I promise the hearty welcome and the full protection of my Government." This statement was made here this evening at the banquet in the Waldorf-Astoria sponsored by the China Society of America, the American Asiatic Association and American-Chinese Trade Council in honour of the visiting Chinese Finance Minister.
"We want to develop China's immense man-power and vast natural resources, not only for the benefit of our own people, but also for all nations having friendly relations with China," Dr. Kung said.
On the eve of her reconstruction, Dr. Kung declared, China is the world's largest market for capital goods and "This should interest Americans particularly."
After recalling the traditional friendship between the United States and China as exemplified by John Hay's Open Door Policy, and the action: of the United States in being the first nation to repay Boxer indemnity funds, Dr. Kung traced the political development of China during the last decade.
"Under the able leadership of Gen. Chiang. Kai-shek," he said, "China to-day has attained a degree of pol tical unity and stability never before witnessed in modern history."
As evidences of this unity, he pointed out the peaceful suppression of the Kwangtung-Kwangsi uprisings and the Sian mutiny.
Text read from the printed page and cleaned; old type leaves the occasional error.