London, Feb. 12. tion for acco ago, has_not cis: yet, at least offcially, Even the Aodid "Adviers appar which shoul have been issued months eatly know nothing about it, or on what lines it is being drawn, In'any case, it sentation Trl show a big deficit, ven on the Bre, which must ibe pera The following telegram appeared aga The land tax question seems in the "Daily Telegraph" this week, and I give it because we have rather He basis, wey zoek tothe fore, with Sir Robert runinly because it enables someone to pat failed to understand exactly what it forward a scheme which has already some is "driving at" creditable reputation, and which can be The keenest interest is being manifest-a ge epee ed in the general financial arrangements ull without any powell, of anyone of the Allies for the carrying through of bat Sir, Robert being by tans heir common Chinese statesmen, ensue on ite adoption. responsible for any bed' result Shick a who are face to face with difficulties such as have never before confronted this coun-At the same time, it is only fair try, express the hope that British states-to state that if China want money men will not fall to understand the reserved for British finance in Eastern from this country at the present
stutin quo. They believe that if Asia, "in adjusting, and preserving the time, she will find it exceedingly difficult to obtain, and this not as is unobtainable, save for the purposes the European conflict, and that if even the result. of any hostility but _be-renewals of short period loans are declin. Cause we frankly have not got it to ed, a new factor el oe ime importance will be' introduced, making the retention of the old balance of power in Asia un voidable, since, in the last resort, gold the undisputed master of the eitantion here as elsewhere.
I have made careful in qui the Foreign Office and else but I cannot discover that Chin: has recently put forward any specific request for additional funds from the outside. Indeed, it is generally assumed that she is managing to carry on, at any rate for the present, with her own internal finances. In this connexion, I may quote a very interesting passage from an obviously well-informed source which has been published here this week, from which you will be able to gather exactly what is thought of the situation in the Far East by somebody who is apparently in a position to know. This is what he remarks—he is writing on January spare. Moreover, the con. trols all advances and issues, and I am bound to say that any suggested Joan to China would not meet with official approval. This is @ war of economic endurance. Those are going to win who can hold out best, and it should be recollected that not only have we to finance ourselves, but we may have to help Russia, and that we are advancing money, directly and indirectly, to all sorts of actual and potential Allies. The financial meeting of the three Chancellors in Paris last week was, I understand. devoted to ensuring that every farthing which was available from the resources of each and every country, should be devoted to the prosecution of the war. China would therefore do well realize that however much we should like to help her, it is not in our power to do 0, nor will it be for some time to come.
Text read from the printed page and cleaned; old type leaves the occasional error.