mission of the Cabinet. In the summer of 1915, he was appointed by the Ministry as a member of the Taxation Reform Commission. From 1913 to 1919, he was also connected with the Peking Government University as professor of economic history. When the Bureau of Currency Reform was formed at the end of 1917, he was transferred to that bureau. In November 1919, he was appointed by the Bureau of Currency Reform to proceed to Europe to investigate the currency condition in Europa and America since the Great War. At the sime time he was appointed by the Chinese Associated Trading Company to act as its representative in Europe. The trading company is the first Chinese importing and exporting firm carrying on direct trade with Europe and America. After he had finished his mission in Europe, he returned to Peking in November 1923 and again joined the Ministry of Finance. In the summer of 1921, he organized, with a number of his friends, the Chinese Women's Commercial and Savings Bank in Peking. At the first general meeting of the shareholders, in September 1921, he was elected the general manager. This is the first bank in China which has a staff of women officers, and the organizers expect to open up a new sphere of activity for educated Chinese women. Socially, Mr. Waung has been for a long time an active member of the Anglo-Chinese Society at Peking. From 1913 to 1919, he served as the treasurer of this society. He is also an active member of the Peking Y. M. C. A., and for several years he has served on a committee of its educational department.
