years at the Department of Commerce in the University of New York. During this period of time he devoted himself to the study of high accountancy and statistics and finally wrote a book entitled The Finances of the City of New York. Dr. Ma returned to China in 1915, when he became a Professor of Economy in the Peking Government University. Later he was given the Chair of the Department of Economy. Subsequently the university underwent a reorganization and Dr. Ma was appointed Dean of the University. In 1920 Dr. Ma left Peking for Shanghai where he took up the advisorship to the National Commercial Bank, and at the same time played an important part in the founding and organization of the Department of Commerce at Shanghai under the South-Eastern University, Nanking. In 1922 Dr. Ma returned to Peking to become the Chief of the Issue Department of the Bank of China in its head office. At the same time he again accepted the professorship in the Department of Economy of the Peking Government University. These positions Dr. Ma still holds. Dr. Ma has been spending his leisure time in writing books, giving lectures and making study on economic sciences in general and on Chinese financial problems in particular. The first volume of his lectures has been lately published.
