He declared reasons for Chi ancial stability are: the strong] foundations laid before the war, the abundant harvests gathered in by [China's farmers during the last three years, successful utilization of capital, large' overseas remittances, and. for~ eign sympathy and assistance.
General Chen Cheng, Director of the Political Training Board of the National Military Council, wrote a special article on the occasion of the anniversary. "He stated China "should allow herself two or three more years. of preparation before launching a counter-offensive,""
"Those who demand an_immediate counter-offensive, he stated, are too hasty in their judgment, for such 1 wack "will be an a few months The general declared he considers that China today is in an offensive defensive position.
"China's armies have increased in size and quality while the enemy's Aghting spirit is noticeably deterforating." he said in conclusion—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.