19
THE CHINA MAIL DOUBLE TENTH SUPPLEMENT
Sir Henry Pottinger, Bart. G.C.B. Hong Kong's first
Governor.
China's Economic Future
Reviewed
¡Continued from Page 1
Recognising the importance of enabling the primary producer to obtain credit on terms that gave him a fair prospect of get- ting a reasonable return for his labour, the matter has been taken up by the National Gov- ernment and the foreign style banks. Good work in this direc- tion is being done by co-opera- tive societies, which are, when necessary, subsidised by the Na- tional Economic Council. The National Economic Council · as- sisted with a grant of $500,000 for co-operatives. Its adminis- tration was entrusted to the N.E.C. Kiangsi Co-operatives Trust Fund Committee which makes loans either to the Pro- vincial Committee on Co-opera- tives, or to the Kiangsi Office of the China International Famine Relief Commission. It is under- stood that a very high percentage of loans is promptly repaid, thus enabling further loans to be made.
This movement is not confined to Kiangsi, and will gradually be introduced in every part of the country. Na*
No sketch of economic recon- struction in the provinces how- ever brief would be complete without alluding to the voluntary services being given by Christian Chinese students from all over the country in Kiangsi. These young men and women, many of whom were educated abroad or in the foremost educational in- stitutions in China, and who had brilliant careers before them. sacrificed everything to work among the farmers and help them on toward a new economic life. They receive no remunera- tion for their services beyond an allowance which just enables them to live on a standard in- finitely below that to which they had been accustomed.
It will be seen from the fore-
going that the task of raising
the economics of China to the
tries presents almost insuperable difficulties. Even the harsh les- sons of adversity. have not yet taught the people as a whole the necessity of co-operating with . the endeavours of the National Government to eradicate the old abuses and impositions to which they had grown accustomed and had accepted as the inevitable and fate-ordained scheme of things. Just as, in most coun- tries. health authorities experi-. ence great opposition when they seek to introduce improvements in hygiene and so forth which are in the permanent interests of the people themselves, so the more conservative elements of the Chinese have been slow in which co-operating in measures would be to their enduring ad- vantage.
But this like most generalisa- tions, is not entirely true. There have been indications, notably in Kiangsi, that the people are be ginning to learn that national salvation, and a better and more hopeful life for themselves, can only be attained by following the advice of those leaders who are to these devoting their lives
ends. They have realised the fatuity of taking the specious short cuts advocated by the Communists, which only lead to misery and anarchy.
Furthermore, although many
Dr. Robert Morrison, the founder of Protestant Missions in China, was sent to Canton by the London Missionary Society in 1807, and two years later was made translator to the East India Company. The centenary of his death was observed in 1934, when a special service was held in Macau, the Rt. Rev. Bishop R. O: Hall, of Victaria, being amongst those who made the trip to the Portu- guese colony for the occasion.
of the people are still in the thrall of conservatism and pas- sively resist progress, the fundamental character of the Chinese race is an invaluable asset. The tenacity with which they have clung to old ways is a guarantee that they will be equally faithful to the new spiritual and material life that they are offered when they come fully to understand that the doors of hope are being throwa open to them.
At no time since the establish- ment of the Republic have more signs been manifest of popular awakening.
the Chinese, but upon foreigners who have read them
Dow
The most ignorant farmer is beginning to understand that the rural producer is offer- ed a "squarer deal" than he has ever had. No longer is he look- ed upon
as an inconsequential entity from whom the maximum amount of taxation should be squeezed. His lot has become the primary care of a sympathe- tic Government. The effect will not be manifested immediately because of hindering factors to which attention has already been the drawn. In many cases
the silver policy adopted by The tangible evid- ence of better communications and more rational taxation are having a profound effect. An- other factor has been the series of stirring Speeches delivered by the Generalissimo in centres since the beginning of last year. Those speeches were couched in language easily com- prebended by the people. They bore external and internal evid- ence" of being the spontaneous utterances of a man who was fervently anxious that China should wipe away the reproach of backwardness, both spiritual- ly and materially. His New Life Movement, followed by Economic Reconstruction More ment, has appealed to the im- agination of the people. The fearlessness and relentless logic of these speeches have made a deep impression, not only upon
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İCENTRALI MARKET
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the
United States of America may be cited as an example-the pro- gress of China has been arrested by circumstances over which she had no control Similarly with the forcible.seizure of four of her provinces in the North. She lost the Customs and salt revenue therefrom, while her Ioan obligations were not decreased.
But, although the benefit of China's New. Deal will not be ap- parent at once, undoubtedly both trade and the rural producer will immensely benefit in the future. It may be said without fear of contradiction that, where improvement depends upon China's own efforts, the National Government will reap its due reward for its endeavours to bring about economic recovery by improving the condition and opportunities of the people."
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