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Includes: Visit of the Secretary Mr E.M. Gull to the Far East This Annual Report includes some of the information collected by the Secretary during his tour. Sino-Japanese relations. Institution of the East-Hopei Anti-Communist Autonomous Council and the Hopei-Charhar Political Council. Japanese view that North China is essential to Manchukuo. Demand for the expulsion of Central Government troops from the area. Interview with Major General Doihara. Japanese attitude towards the Kuomintang government. Resignation of Wang Ching -wei. Visit of Sir Frederick Leith Ross to China and Japan. Development of the resources of Manchukuo and North China by the South Manchurian Railway. Projected railway development. Memorandum by Major-General Tada on Japanese policy. Proposal for autonomy by Hopei, Charhar, Suiyuan and Shansi. China decides to discontinue the use of silver for currency. Japanese troops arrive in Shanhaikwan. Central Government orders suspension of negotiations with Japanese. Statement from Washington by Mr Cordell Hull. Views of the Teintsin [Tianjin] Chamber of Commerce. China's domestic affairs. Kuomintang Conference, sense of unity resulting from Japanese pressures on China, appointment of new government officials. Communism, military operations against Red armies on their 'Long March'. Release of missionaries Hayman and Bosshardt. Floods. Widespread flooding especially in Hupeh [Hubei], Hunan, Kiangsi and Anhui and in the lower Yellow River. The National Economic Council and Reconstruction, report on the years work. Finance and Trade. Problems in the raising of funds for reconstruction work, reform of local taxation. Currency. Stabilisation of the Chinese dollar, statement by T.V. Soong, note issue to be confined to three banks, establishment of Currency Reserve Board, to which silver to be handed over. Hongkong follows suit. Constitution of the Central Reserve Bank and note issues and reserves of the three authorised banks. Budget and Loans. Customs and Salt revenues, statistics, including Sino-British trade. Railways. Construction and extensions. Redemption of British capital in the railways. Report of Railway operation and finances. Offer of the Chinese government for interest payment and the refunding of loans under Customs revenue guarantee. Conditions in Japan. Problem of employing the growing population. Annual recourse to loans. Assassination of the Director of the Military Affairs Bureau for opposing military intervention in the civilian government. Army unrest Assassinations of Ministers by army officers, constitution of new cabinet determined by the armed forces. Manchukuo and Mongolia, Japanese interest in setting up a joint state. Fighting on the border with Soviet forces. Manchukuo trade statistics. Work of the Committee. Business tax. Consular Title Deeds, registration and transfer of land, confirmation of British ownership if outside concessions, submission of Title Deeds to the Chinese Land Office for verification. Stamp Tax Law, Registration of Patent and Proprietary Medicines, Customs and Salt Revenues, Mission of Sir Frederick Leith Ross. Shanghai Municipal Election, invalid ballot. British Minister to China becomes the first Ambassador. China Association and F.B.I. Students, description of the arrangements. Universities China Committee. Chinese Art Exhibition. Excavations in China. Resignation from the Secretariat of Mr H.C. Wilcox after thirty years’ service. The China Review, mention of contents.
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