Recent Developments in China
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In our eReader you can find the full English version of the book. Read Recent Developments in China Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Recent Developments in China
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To quickly assess the difficulty of the text, read a short excerpt:
Sums received on account of the "so-called patriotic loan," while of no practical utility to her, are depleting the resources of the trade in the provinces. These suggestions are made with the view to enable China to start with a clean slate, if she wishes to proceed with the work of reorganization without encumbrances. Thus before she begins any construction work she stands to have to pay out £19,000,000.
Now as regards sums needed for construction work and reform.
The basis of all reorganizat...ion in China is currency reform, and so long as the currency is what it is there is no hope of making headway of any kind. It may be remembered that in the cur- rency loan arrangement of 1911, £7,000,000 was set apart for cur- rency reform; and that amount does not err on the side of extrav- agance. Whatsoever may be the final decision in regard to the china's loan negotiations 153 standard, there is no doubt that a considerable amount of silver would have to be purchased presently and coined; and one may- rest assured that in working out the details in connection with bringing about a uniform currency throughout the length and breadth of the country, more funds may be needed later on.
What to read after Recent Developments in China?
You can find similar books in the "Read Also" column, or choose other free books by Blakeslee, George Hubbard, 1871-1954, Ed to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Sums received on account of the "so-called patriotic loan," while of no practical utility to her, are depleting the resources of the trade in the provinces. These suggestions are made with the view to enable China to start with a clean slate, if she wishes to proceed with the work of reorganization without encumbrances. Thus before she begins any construction work she stands to have to pay out £19,000,000.
Now as regards sums needed for construction work and reform.
The basis of all reorganizat...ion in China is currency reform, and so long as the currency is what it is there is no hope of making headway of any kind. It may be remembered that in the cur- rency loan arrangement of 1911, £7,000,000 was set apart for cur- rency reform; and that amount does not err on the side of extrav- agance. Whatsoever may be the final decision in regard to the china's loan negotiations 153 standard, there is no doubt that a considerable amount of silver would have to be purchased presently and coined; and one may- rest assured that in working out the details in connection with bringing about a uniform currency throughout the length and breadth of the country, more funds may be needed later on.
What to read after Recent Developments in China?
You can find similar books in the "Read Also" column, or choose other free books by Blakeslee, George Hubbard, 1871-1954, Ed to read onlineMoreLess
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