The Chinese Insurance Law was first enacted and promulgated in 4 December 1929 and was later revised jin January 1937.
The Insurance Business Law was enacted in June 1935, it has important bearing on both Chinese and foreign business operating in China. For instance in the case of State Supervision. Article 3 requires an insurance company to register with ithe Ministry of Industry and to deposit with the Government an amount equivalent to 15 per cent. of the paid-up capital. Requirements in connection with the submission of nual business reports, the application and investment of funds, the supervisory organ are provided in the Law.
Economic Conditions in Kweichow In his summary of economic conditions in Kweichow, Mr. H. C. Yang says—the province of—Kweichow situated far out in the frontier region, is handicapped in many Ways as far as economic reconstruction is concerned. First, the poor system of communications should be remedied. Secondly, efforts must be directed towards improvement of forestation and agriculture in which it lags far behind. Then, thirdly, there must be some social work to relieve the impoverished populace. The province is rich in mineral resources, but the mines are not well exploited on account of bandit disturbances and the lack of expert engineers and funds.
Text read from the printed page and cleaned; old type leaves the occasional error.