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Minneapolis, Hennepin County, Minnesota
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Dr. J. Henry Carpenter, director of tours for the Cooperative League of USA, leaves New York for China to inspect 2,400 industrial cooperatives and evaluate American assistance, following an invitation from China's finance minister H. H. Kung. These cooperatives produce goods worth $12M annually, aided by a $20M portion of a $50M US loan.
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U. S. for China on
Co-op Mission
(Co-op League News Service)
New York-Dr. J. Henry Carpenter, director of tours for The Cooperative League of USA, is on his way to China to inspect the 2,400 industrial cooperatives now functioning there and to determine what help America can give them. Carpenter's mission is in answer to a special invitation from H. H. Kung, China's finance minister, and chairman of the Chinese Industrial Co-ops.
The Chinese cooperatives, now only four years old, are producing about $12,000,000 of blankets, drugs, rifles, bullets, hand grenades, uniforms, surgical gauze, soap, candles and other goods each year. Included in a recent loan of $500,000,000 to China by the American government was $200,000,000 for the cooperatives.
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New York To China
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Dr. Carpenter travels to China to inspect industrial cooperatives and assess US aid potential, invited by H. H. Kung; cooperatives produce war goods worth $12M yearly, supported by $20M from US loan.