Hankow, Jan. 11.
The newly appointed Chinese Minisier of Economics, Mr. Oong Wen-hao, gave a Trans-Ocean representative a resume of the measures contemplated by the Central Government to bring the Chinese economic equipment into alignment with the demands of national defence under the prevailing conditions.
The newly formed Ministry of Economics, declared Mr. Oong. Wen-hao, united all functions performed hitherto by the Ministry of Industry, the National Economic Council and the War. Economic Committee of the Supreme Military. Council effecting a centralization of the administrative departments concerned, and in this way assuring better collaboration of all authorities affected.
The first constructive measure contemplated by the Ministry of Economies is the transfer of all individual industries from the war zone to the interior of the country where they will be able to develop independently of external influence and at the same time contribute to the economic stimulation of the interior provinges, As an inducement Ko owners to transfer factory plants into the interior without delay, the costs involved. would be advanced by the government as a loan. At the same time it is planned to grant loans at a low rate of interest to those industries working in the interior so that the transferred factories will be able to start working full blast immediately.
Text read from the printed page and cleaned; old type leaves the occasional error.