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Mr. Chang Tsung-yuan was born at Shanghai in 1876, although his native home is at Wuhsing Hsien, Chekiang Province. From 1898 to 1900 he was a student at Nanyang College. Upon graduation he went to America to study, arriving in January 1900. Mr. Chang prepared himself for college at Pomona College. In 1903 he entered the University of California where he studied Economics and Commerce and was graduated in 1907 with the degree B. S. In July 1907 Mr. Chang returned to China and immediately became a member of the Board of Foreign Affairs. From 1909 to 1911 he served as President of the College of Finance, Peking. In June 1912 Mr. Chang was appointed Acting Vice-Minister of Finance and in August became Vice-Minister. In November 1912 he was appointed