G6]F you wish to: invest your New York, July. 6 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 protec-* tion of my Government."' This, statement was made here. this evening at the banquet in the Waldorf-Aston sponsored by the China Society of America, the American Asiatic: Association and' American-Chinese Trade Council in honour'of the: visiting Chinese 'Finance' Minister.
wi int 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-Wwith 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 particulary." traditional ced, Dr, Kung" added: that ordinary Fevenue "would: also provide for "necessary sinking fund loans which may be floated to finance some. traordinary expenditures, mainly reconstruction expenses of a: capital 'AS the result. Of currency reforms, Dr, Kung said that exchange stability. ad been maintalsied "to Chiang "Kal-chok," he said, to-day has attained a degree of poll-tical unity and. stability never before witneted, tu modern. atry" pointed out: the peaceful of, the Kwangtung-Kwangs! uprisings and the Sian mutiny.
"New Life Renaissance "China is mo longer the disunited, of the war ord days" Dr. Kung asserted and attributed the nation's progress largely to a pew atonal psychology.
'AS. an evidence of the. rehabilita~ tian of China's credit. abroad, " Dr. Kung pointed out that" during. the past, two years service payments had been resumed" on loans' defaulted the old Peking Government.. He' also cited the recent arrangement for the. tottlement of the Pacific Development Referring' to China's amazing pro-the gress In modern transportation," Dr. Government, and people," Dr, Kung pointed out that: the, nation Kung said, "a disposition to face the present has. 100,746 kilometres realities of the world and a readiness Yoads, compared with 1.165 kilometres "examine and discipline.them-tu 1031. "He elted similar progress in [the fields of civil aviation, telephone, 'Dr. Kung referred to: Madame Fallways. and radi Chiang Kal-shek's New Life Move-"With the rehabilitation' of ment which he said was conducive anal railways and their a "national renaissance." stonding, the confidence of foreign 'He also mentioned China's fnaninvestors Is steadily being restored cial, unification by which, because of fand resulting in increasing, loans on the' modernization of provincial Chinese railways." Dr, Kung said,
Text read from the printed page and cleaned; old type leaves the occasional error.