Word: chiangs
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...throughout the island. Shops were decked with flags, soldiers and schoolchildren marched through the streets, and exploding strings of firecrackers forced bystanders to clap hands to their ears. Nevertheless, there were overtones of concern in Formosa last week when the National Assembly went through the motions of electing Generalissimo Chiang Kai-shek to his fourth consecutive six-year term as President of Nationalist China...
...necessary precaution, Chiang sought a Vice President who could take on more of his administrative and diplomatic burdens and take over interim control of the country if he died in office. His choice was balding, Western-educated Premier Yen Chia-kan, 61, a vigorous administrator and the author of many of Formosa's dramatic economic reforms-and yet, surprisingly, a controversial figure in the Kuomintang. Unlike most Nationalist leaders, Yen is neither a military man nor a faithful party professional; he is even accused of being ill informed about Kuomintang "party history." So wary of him is the party...
...world is learning the lesson that collectivization is nothing but chaos," he explained. The average Chinaman, Clark noted has loss to eat under Mao than he did under Chiang Kal-Shek...
...Communist bank is directed by Chairman Nan Han-chen, 73, a deceptively benign looking finance specialist who took part in the abortive 1936 kidnaping of Chiang Kai-shek by Shensi-province Reds. Taiwan's bank is headed by ascetic Yu Kuo-hwa, 51, a veteran follower of Chiang who studied at Harvard and the London School of Economics. Taiwan's branches abroad are becoming the bank's vital arm. Last year the Nationalist bank reported earnings of $3,200,000, its biggest profit-and $2,300,000 of that came from overseas operations...
Died. Tingfu F. Tsiang, 69, Nationalist China's longtime Ambassador to the U.N. (1947-62) and to the U.S." (1962-65), a Columbia University-educated historian and original (1934-42) member of the Chiang Kai-shek Cabinet, who took charge of China's wartime relief program, feeding some 5,000,000 uprooted Chinese, later so persuasively advocated the Nationalist cause at the U.N. that he was given considerable credit for the exclusion of the Peking government, which he called "un-Chinese in origin, character and purpose"; of cancer; in Manhattan...