has developed very considerably since I wrote last week, On Monday the Times announced on the authority of its Peking correspondent the terms on which Sir Claude Macdonald had agreed on behalf of this country to assist China with a loan of twelve millions. Sir Michael Hicks Beach has since told us that the terms as stated by the Times' correspondent are both inaccurate and defective. Before this letter reaches you the actual terms proposed public; but wht we Kune tes cnstatn td pre-will in all probability have been made
sent is that the terms, whatever they are,
Text read from the printed page and cleaned; old type leaves the occasional error.