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Salient. An Organ of Student Opinion at Victoria College, Wellington N.Z. Vol. 1, No. 11 June 15, 1938

Economic Situation

Economic Situation.

"China has great natural and national economic resource. She is ready, prepared for a protracted war of three years. With her enormous man-power she will be able to mobilise 1,800,000 man in about 6 months. Japan has to spend more than 25 million dollars per day in this War, and she can't keep that up. The last two or three years we have had great crops; Industry has improved by leaps and bounds with Government aid, and currency is in a favourable position.