equivocal assertion and compare it with the various regulations and Jaws which they have to administer and which they have frequently to justify in response to representations made by the spokesmen of foreign powers in China. China might Lenefit {from assistance of foreign capital if applied to a well-considered programme of reconstruction, She has lately improved her credit. in arrange: ment with her creditors. by means which enable her to resume her loan services, but that process cannot, be indefinitely repeated. In short the investor must ascertain exactly what likely to be the result of succumb: ing to the potential debtor's blandish ments. He knows, too, that Finance 'Ministers, as a rule, are reluctant. drop into poetry or to overstate the facilities which they can offer. Like lead they threaten rather than prom= ise. Dr. Kung has his own technique. Its' individuality attracts, but in the long run it hag to be measured by the same yard-stick as is imper-tar bably, prosaically and impartially applied by world-markets in assessing oficial ancial statements.
Text read from the printed page and cleaned; old type leaves the occasional error.