He said that the agreement provides for a portion of the funds to be us to finance the import of Chinese tung Into the United States, The sale of this tung ai, he continued, realize additional funds and the Chinese to make additional purchases in the United States.
Dr, Chen declined to elaborate on how the Universal Trading Corpora~ tion would function, but said that it would be of a two-fold nature—pi sumably referring to its Import and sport features—and would be headed by Ins, 'T. M, Hsi, a member of the inaneial mission and representative the Central Bank of China, Mr, Jesse Jones did not reveal how the new credit arrangement would function other than to say that funds Would be made available "as needed." United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.