GENERALISSIMO IS CONFIDENT OF CHINA'S EVENTUAL VICTORY
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Chungking, To-day.
THE CHINA MAIL, JULY 25, 1989,
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Complete optimism regarding the future of China's pets only. If this system should armed resistance was expressed by Generalis-be maintained, it would only re- simo Chiang Kai-shek in a speech delivered at duce China's power of resistance. According to the Generalis- the joint weekly memorial service of the Na-simo, the slump in the exchange tional Government and the Central Kuomin-value of the Chinese dollar did not affect China's resistance and tang Headquarters yesterday morning.
was, on the contrary, beneficial The Generalissimo was confident that there would to China's wartime economy. be ways to carry on resistance under whatever He revealed that China had large difficulties, and the greater were the difficul-military supplies in stock and not a cent need be used from the ties, the ways of resistance would become more Stabilisation Fund for the re- practical, the power of resistance more mighty, plenishment of arms and
munition. The fall in the ex- and the final victory nearer.
change rate simply discourages Militarily, the Generalissimo and economy, the Generalissimo import and stimulates export. stated, China's position was much disclosed that China's financial
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DANGER OVER
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better than before the evacua- and economic structure was With reference to reports of tion of Wuhan cities and her stronger than when the Nation- people in Shanghai and Nanking fighting strength was steadily in-al Government was in Nanking. exchanging legal notes for bogus creasing.
The National Government would notes the Generalissimo declared Internally, since the defection continue to maintain the legal that this was apparently done of Wang Ching-wei, the Govern- tender and allot foreign exchange by traitors at Japanese instiga- ment and the Party have been for legitimate requirements. In tion. He hoped the Chinese and further consolidated.
fact further effective measures nationals of third Powers would
Diplomatically, the Generalis- had been devised for controlling not be deceived. simo declared, China need have and stabilising exchange, and Concluding, the Generalissimo no fear of Japan's manoeuvres for circulating legal tender notes declared that China's resistance to isolate her as the majority of in "occupied" areas.
was based on the policy of econo- the nations in the world uphold The administration of ex-mic regeneration and military justice and righteousness and change by Government banks in operations with independent were sympathetic with China's Shanghai since its fall to Japan- efforts. If China could continue ese hands, the Generalissimo the struggle in self-reliance and said, had been found to be bene- with a dauntless spirit, she would ficial to the Japanese and pup-certainly overcome the difficul-
cause.
FINANCES STRONGER Turning to China's finance
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MORLEY LOCKNIT SHIRTS
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MERCERISED MESH SHIRTS
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BANNER CELLULAR SHIRTS
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TERRY TOWELLING SHIRTS
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AERTEX CELLULAR SHIRTS
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ties. The real danger to China had already passed and it re- mained now for her to continue her efforts to bring the struggle to a successful conclusión. Cen- tral News.
BEST TO UNDO THE HARM DONE
(Continued from Page 1) British Government has accepted a | deliberately vague formula in the hope that it will lead to early set- tlement of the Tientsin dispute.
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The journal adds that if the Ja- panese are going to interpret the agreement as applying to the whole of China and as amounting to guarantee of British co-operation in their conquest, and if this in- terpretation is wholly mistaken, it would be best to undo the harm that has already been done in China, the United States and this country as soon as possible.
WIDER STRUGGLE
!
We should make it clear that it is as essential for us to-day as
IN MEMORIAM.
it
US
[OPTICIANI
STOP PRESS
TEL, 20022 or 33993
has......› øver
been to support the Chinese dollar, and that there can be no restriction by us on the ex- port to China of any materials which we can supply which may help her to carry on the war.
It may be correct for us to aim at neutrality in the Concessions, but in the wider struggle between GRACE AUYANG CHAN passed Japan and China, cold-blooded neu-. away on July 25th:, 1988. Ever intrality is neither possible for us our thoughts.
nor desirable.Reuter
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