Word: formosan
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...urge reforms−more authority for local governments, higher wages, improved living conditions. One deputy revealed that rioting had broken out last year in heavily populated Szechwan province, but that it had been put down "effectively." Premier Chou listened impassively to criticisms of the regime he had just asked Formosan Chinese to accept, announced at the close of the congress that everyone "concerned will examine and correct shortcomings and mistakes...
Specifically, Ladejinsky was kicked out for having broken ICA's conflict-of-interest regulations by investing in a Formosan glassmaking company that had received some $600,000 in U.S. Government financing. ICA explained that Ladejinsky, while on an official mission to Formosa, gave a $3,000 check to a Chinese friend, who cashed it on the black market and bought stock in the glassmaking firm. Said ICA: "At the official rate of exchange, this check at that time would have purchaised 60 shares of stock. As a result of the higher rate of exchange obtained by this illegal transaction...
More realistically, the Formosan government fears that the majority of those nations admitted in the "package deal" would be willing to vote to seat Communist China, and thus promote the "two China" sentiment which is growing so rapidly in Washington and at the UN. Every step forward for Communist China is a step backward, economically and politically, for the Nationalists. The veto is a calculated risk to dynamite acceptance of Red China by the world body...
...that time Protestant leaders in Formosa began to press for a Christian college similar to the 13 Protestant colleges on the Chinese mainland, which were partially supported by church groups in the U.S. and England. By 1951 the mainland colleges had been sealed off by the Communists, and Formosan educational leaders, hoping to use some of the funds thus diverted, appealed to the body through which major Protestant support had been channeled: the United Board for Chris tian Colleges in China. In 1953 the Board agreed that "a Christian university should be a permanent element in Taiwan...
Tunghai's first class was selected last summer on the basis of entrance exams that attracted 5,800 applicants. Some 55% of the students are Chinese from the mainland, the rest are Formosans. Men outnumber women 3 to 1. By 1958, at full enrollment, Tunghai hopes to level off at about 700-800 students, thus maintaining small classes and close student-teacher contact. Tunghai tuition, room and board is a stiff 1,400 Formosan dollars ($38) a semester, but the college has liberal scholarship provisions...