Japan's invasion of China is the force that will overcome the Chinese inertia caused by the 278-year reign Jof the Manchu dynasty, according to Dr. A. J. Bowen, for 30 years president of Nanking university.
china, after years of lethargy is on the threshold of a great, new deve-Jopment." he said. Up to the present time, Dr. Bowen points out four real things, pregnant of possibilities for the future of China, have already been accomplished os' a result of Japan's invasion. They are as fol-ows:
Firstly: China has been united from. 2 political standpoint and has evolved from a loose-knit state to a nation with a strong central. government.
Secondly: The war lords have been stripped of their power and the 23 Provinces are now united.
'Thirdly: China's western' provinces, centuries untouched by progress!
fast becoming industrialized. Factories, roads, telephones, telegraph, boats, post offices and cities are being constructed rapidly.
Fourthly: The Chinese have become optimistic and self-reliant because no Chinese army has been captured or annihilated by the better-_ equipped Japanese forces—United Tighter Control of Shantung Imports Business circles here anticipate with Tingtao, July 1.
some apprehension fighter control of all Imports into Shantung. os indebted by the recent order ofthe' North Chiea Poitiest Counett This order stated that commencing from June 29, the importation and res Importation of all" cargo,_ except travellers" baggage and" personal sifects, samples, newspapers and periodicals, must be covered by a "an Seplication for an indent" approved bythe Federal Reserve Bank, without Which no cargo will be passed by the Customs.
"Chungking, July 6.
'A review of China's financial situa tion after three years of war was! presented today In a statement issued by Dr. H, H. Kung, Premier and Finance Minister, on the eve of the third anniversary of the Lukouchiao "At the beginning of the Sino-Japanese war," he stated, "the enemy. expected to finish fighting in three months, while Japanese bankers did not expect Chinese wartime finance to sustain the conflict for even one year.
"But, contrary to Japanese expecta tions, the Chinese national treasury has Successfully. met all obligations. the people's taxation has not been increased, there has been no excessive issue of loans, China's credit remains good, the Chinese national currency still stands firm and foreign exchange still supplied for legitimate needs," Dr. Kung asserted,
Text read from the printed page and cleaned; old type leaves the occasional error.