Chungking, June 21. GGrPHE United States feels itself at one with China and Britain, declared Mr, Manuel Fox, American member of the newly established Currency Stabilization Board, in a speech before the national finance conference here yesterday afternoon, Outlining the work of the board he stated, "The Stabilization Board has its own small contribution to make to your economic efforts.
Obviously stabilization of currency relationships will be of great value in facilitating China's external trade, in discouraging speculation and in maintaining the prestige of Chinese currency in all areas in which it circulates.
By so doing we hope it will have favourable repercussions on the international financial situation both from the point of view of the Government's fiscal situation and from the point of view of exercising a restraining influence on prices and other interrelated economic factors.
"But the functions of the board transcend tie sphere of currency rela tionships. "The board is symbol of {rienéship and ce-operation between two free, independent countries, The rent Democracy of the West is happy find fortunate to cooperate with the Great Democracy of the East, The Success of our efforts will be measured only. partly by the specie: work we Gain the sphere of monetary and financial lations, "Our work will have been well done contributes to strengthening of the. ties of friendship between =the United States and China, For in this way it will strengthen' Democracy Both in China and the United States,
Text read from the printed page and cleaned; old type leaves the occasional error.