Tux: author of China, the Sleep and the Awakening, must feel greatly encouraged, whoever he be, by the news received a few days' since, that the foreign powers have at last agreed to the abolition of extraterritoriality in Japan. Thestrnggle jof the Japanese to attain this end has been along and arduous one. For years had some interesting information after the revolution which sent' the on the subject to give the House. The! Nyeoon into private life, and recalled natural moisture. in tnmannfactured the Mikado from a shadowy. to an actual tobacco is from 15 to 17 per cent., and sovereignty, observers both in Japan and there is a legitimate increase to 30 per beyond it, predicted that the change cent. in the port of manufacture; but had been too sudden, and that a reaction tobacco is often sold which is from 40 to must soon come. Hardly here and there 45 per cent. of water. one gave credit to the Japanese states-A very interesting part of the Men of the new regime for the stability speech was that in which the larger branches of finance were dealt with. persistence that they have displayed; intelligent they were allowed to be on The Chancellor showed how greatly e: all hands, but their eagerness to adopt penditure had increased of Into years western civilisation was set down as not from extravagance, but partly, as in being only the love of children for a the case of armaments, from necessity, new toy, which they would soon break and partly from Parliament having imand discard. For years they have fought posed now duties on the State which—for full recognition as members of the as in the case of education—have family of civilised nations; they have involved large expenditure. Most of this money "has been well spent, and it done everything in their power to conciliate their elder brothers; they would be highly satisfactory if the cost have listened to advice and adopted it of the army and navy was as well repre-wherever practicable; they have lived sented. Then, again, it appears that the down one discouragement after another, British Exchequer has absolutely lost and have not feared to incur too often over 11 millions sterling of the amounts the misplaced ridicule of those they advanced on local loans. It seems a were flattering by imitation, while they pity that the Chancellor has proposed to curried that imitation to what seemed reduce the amount set aside for the an excessive point; and at last they are reduction of the national Debt by 2 about to enter into their reward. They millions annually. Considering the out-have succeeded in reconciling the look for English trade, the new and jealousies, the discrepancies, the various increasing competition which it will and often conflicting interests of some meet the policy of lessening seventeen or eighteen treaty powers, the public burdens seems a sound one. each of which insisted on receiving what. Trade is also now reviving and people was granted to any of the rest, whether are therefore better able to meet a Rod annual sum for the reduction of National Debt but Mr. Goschen thinks the sum which has been thus applied—thatis, when it could be spared—too large, and he proposes a reduction in the annual charge of a couple of millions. When the Sinking Fund was estab-it was of any importance to him or not, while refusing as long as possible to consent to any change that was only of importance toa rival; and they have succeeded in getting an agreement by all these treaty powers, which embodies the principles on which the revision of the treaties is to be carried out. Ching
Text read from the printed page and cleaned; old type leaves the occasional error.