be managed and supervised by foreign experts under Chinese employment. As one of their obligations, these foreign experts have to undertake the training of Chinese assistants to take their places in the future. When the capital and interest of each undertaking are paid off, the Chinese Government will have the option to employ either foreigners or Chinese to manage the concern as it thinks fit.
Before entering into the details of this International development scheme, four principles have to be considered:
(1) The most remunerative field must be selected in order to attract foreign capital.
(2) The most urgent needs of the nation must be met.
(3) The lines of least resistance must be followed.
(4) The most suitable positions must be chosen.
In conformity with the above principles, I formulate Program I as follows:
I. The construction of a great Northern Port on the Gulf of Pechili.
II. The building of a system of railways from the Great Northern Port to the Northwestern extremity of China.
III. The Colonization of Mongolia and Sinkiang (Chinese Turkestan).
IV. The construction of canals to connect the inland waterway systems of North and
