The Archive · 1938

RESERVES ADEQUATE

Nation Will Be Match for Vulnerable Japan Hankow, Jan. 15.

Reiterating China's determination to live up her to her obligations by fully and promptly meeting the service of her external anti internal Obligations, Dr. H. H. Kung, President of the Executive Yuan and Minister of Finance, declared in a state-rene to-day that in 1937, despite the Sino-Japanese hostilities, the total revenue receipts of the Chinese Government had exceeded those of preceding years.

"With their spirit for sacrifice and capacity for suffering as great as their determination to resist Japan's aggression," he added, "the people of China will see their country through the present struggle."

Admitting that the present hostilities had seriously dislocated China's trade and industry and impaired Government revenues, Dr. Kung believed that, financially, China's ability to withstand the strain of a protracted war was not inferior to that of Japan,

Text read from the printed page and cleaned; old type leaves the occasional error.

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