A thoroughly practical comment appears in the "Yih Shih Pao" Peking upon the financial veadjust= ment aspect of forthcoming. Reorganization Cohference, A tvansation in the "Fay Easter gives that journal's opin conference should Move the power. dear with the readjustment of finances, The Fegulations provide that. the con tereu it at most 50" days, period even the werts of "the. whole. world do nothing to readjust "chinese state finances. "Financial readjustment Must be" preceded "by a thorough inz tigation into rear ike how Thi very region. dite their "own financial disclose itn necounte tothe calls" to. mind a" suggestion ce made that what China needs not politicians but chartered ac~ countant, and there is more to be seen in this idea when the case is presented as above. But a thorough investigation is not an impossibility, if only the right men are brought to bear on the task. Lord Cromer and his colleagues pulled Egypt cut of bankruptey and made it one of the wealthiest countries of the from the. point of view of nal debt, and while the task in is infinitely bigger than an Cromer had to tackle it not impossible. What the investigation would probably show ix that most of the loans to Tuchuns and the like would have to be written, off as bad debts, but even so the national debt is so small compared with the resources of the country that if there were no chance of similar impositions recurring, that aspect could he laughed at.
Text read from the printed page and cleaned; old type leaves the occasional error.