Reconstruction General Chiang Kai-shek, who recently assumed his concurrent duties as governor of Szechuan, has decided develop the province in a big way. A Chinese correspondent in Chengtu says that the Central Government will set aside $20,000,000 or $30,000,000 at the initial capital of a new provincial bank which will finance all reconstruction programmes to be carried out in the province.
The 1940 reconstruction programme for the province has been prepared by the commissioner of the Bureau of Reconstruction of the provincial government who recently visited General Chiang after flying from Chengtu to Chungking. General Chiang looked over the important proposal and referred it to various Ministries, The correspondent indicates that the Generalissimo is using national resources to develop that province and in doing so official and unofficial is needed. To lead the gigantic recon. struction movement the Central Government puts $20,000,000 or more into the business. Chinese bankers will be asked to join the movement. The new bank in formation will be known as the Reconstruction Bank for Szechuan or some other name.
By interviewing the reconstruction department hed, the correspondent is acquainted with the main projects of the bank. It will accelerate the production of cotton and silk und improve the weaving industry as cotton in the province is not enough for use. It will also improve the export trade by improving the various provincial products including wood oil, furs and medicines.
Text read from the printed page and cleaned; old type leaves the occasional error.