London, Aug. 5.
Many English newspapers join in warning Dr. Morrison upon the occession of his appointment as political advisor to the Chinese Govern-all Mall Gazette" advises Dr. Morrison of the fact that the Chinese Government is on the point of collapse, while the "Daily News" declares that President Yuan Shih-kai is scheming to establish a dictatorship in China. The motive of employing Dr. Morrison is, asserts the "Daily News,"" one of three—that he desires to see his dictatorship well received both in Europe and America through the instrument tality of his new political advisor; or that he desires to arouse through Dr. Morrison British public opinion in favour of China against the amditions of Russia and Japan; or thet he believes it possible to re foreign loan negotiations by dist of Morrison's efforts. But the Daily News believes that the appointment will not please Russia, who strongly opposed the Per Government's employment of an American as its financial advisor and succeeded at last in her aim.
Should Russia desire Dr. Mor-ym," continues the Foreign Office will Maely face movement in favour of Dr. Morrison, and there must ensue an embarrassing complication. But there is reason to believe that Russia cannot reasonably object to any British subject acting as political advisor to the Chinese Government, for in spite of the provision in the Anglo-Russian entente that Russia shall not inter-fore in the affairs of Tibet, Russia approved some years ago the ployment by the Dalai Lama as his adviser of M. Dorjieff, a noted Rus-
At the ordinary half-yearly meeting of the shareholders of the Hongkony, and Shanghai Banking Cor, oration, held la the City Hall, "Hongkong, yesterday, the Hon Mr C H. Ross, a member of the Court of Directors, presided The Chairman, in the course of his speech, stated that advances amounting to TI 2,100,000 had been made to China by the International Bankers with the ap; royal of the various Governments concerned. Further advances had been sus ended owing to the difficulty found by the Chinese Government in agreeing to the conditions of the loan The guarantees asked for were considered to be indispensable by the members of the International Group and their Governments, but they were o }osed by the sentiment of an influential section of the Ohinese
Text read from the printed page and cleaned; old type leaves the occasional error.