Before the present hostilities began, the Chiang Kai-shek. government managed to defray ils own expendltures and to feed its vast armies as well In future there must be a [considerable margin of revenue which, Jean be devoted to reconstruction, in addition to meeting governmental] expenses as formerly, China needs some foreign goods, but she is rich in natural resources, specially agricultural. As the latter: feome to be really developed, her: [products can be exported In greater Jabundanee, in return for which she will be able to import more and more of what she does not produce.
Europe and America will thus be able to buy from China foodstuffs and raw materials which they need and to sell to China their manufactured goods. La this way China's commerce with Europe and America Will be complementary and there should be no conflict of interests.
Therefore if we succeed in effectively readjusting China's trade re-Tations, the work of reconstructing ind developing that country can be accomplished without Single penny from foreign capitalists.
China's aggregate exports and imports in 1096, the year before that in Which the hostilities started, were valued at 1,650,000,000 yuan. Of this the amount handled by the Maritime Customs within the areas occupied by the Japanese forces in north and central China was 1,340,000.000 yuan, that Is, somewhat more than 80 per cent. of the total.
Text read from the printed page and cleaned; old type leaves the occasional error.