Take-off from Kiangwan airfield at 8:30 a.m. In Nanking at 9:30. Chen Li-fu 【陳立夫] and C. H. Yang 【楊承訓?] got on the plane there. From Shanghai to Nanking, sky almost clear; we saw sun and land. From Nanking to Hankow, we flew above white clouds which screened the earth from view, but there was a thin layer of white cloud shutting off the sun partially. From Hankow to Chungking, we flew in the clouds all the time: it was almost weird. Arrived in Chungking at 3. C. M. 【李卓敏] and Dison 【浦薛鳳] came to talk at 4. I told them first my experiences on the trip and then they told me what happened here during my absence. C. M. went off to supper with Chen Kuo-fu 【陳果夫] and Li Shu-ming 【李叔明], while Dison stayed to dinner with me. C. M. came back at 9 and chatted till 11.
Received a letter from Sze Pao 【蔣居仁] and one from N. Z. 【唐玉瑞]. Sorry to hear the Sze Pao had slight attacks of asthma; but he has gained 25 lbs since he left Chungking in April and is learning to swim and to play ball. A year’s tuition fee at Horace Mann-Lincoln coats G$250.
Amazed that C. M. has finished the 6 months program, that Cheng Pao-nan 【鄭寶南] is going ahead with the lobbying in Washington.
Told C. M. to offer following proposition to Chen Kuo-fu and Li Shu-ming: if (X1 × Y1) = X2 × Y2, the difference in interest rate between deposit and borrowing should not exceed 2% per annum. The Farmers’ Bank to advance 5,000,000,000 right away. X1 = sum borrowed, X2 = deposit, Y1 = days borrowed, Y2 = days % deposit.