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Includes: Quarterly Reports, mention made of quarterly reports to members which make lengthy reviews in the Annual Report unnecessary. China tour by Chiang Kai-shek, his advocacy of closer union. Communism in China. Situation in Shansi and Szechuan, statement by Chiang Kai-shek. Fifth Plenary Session of the Kuomintang. Attempt to bring North and South together, proposals regulation the administration of the Central Government. Opium. Regulations for suppressing production and consumption. Conservancy work. The Huai River, using Sino-British Indemnity funds. Plans for the next five years. Reconstruction in China. Water Conservancy, road construction, improvement of cotton and silk products, industrial development of Kwangtung. Aviation in China. Airport at Haichow [Lianyungang], domestic services, construction of the first Chinese aeroplane. Business Tax in China. General considerations resulting from a demand that British merchants should pay the business tax in force in Kwangtung. Registration of Companies in China. The position of companies carrying on business in China but incorporated in another country. Silver 1934. Effect of the USA Silver Purchase Act of 1934, rise of price and exports from China, consequent rise in exchange rate and in the price of exports. China imposes export duty on Silver. Railways. Loan Servicing and reports on operation. Sale of the Chinese Eastern Railway to the Japanese. Japan. Denunciation of the Washington Treaty of 1922, demand for naval equality to ensure supremacy in Far Eastern waters. The Amau statement. Prime Minister Hirota declares Japan's desire for peace and order, insurance of her vital interests in the Far East, growth of Soviet influence, and demilitarisation of the Manchukuo border. Improvement in Sino-Japanese relations. Universities China Committee in 1934. Activities during the year. Trade statistics. Appendix. Amended Rules and Regulations of the Association.
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