The handing to the Waichiaopu by the less said. about it the better. What took place then was in no way Jan investigation that could be accepted as a basis for settlement, and it was only the becoming public of the alleged "recommendations" Jof the members of the Diplomatic successful unless the service of the Consolidated Bonds is perfectly 'A Consolidated Budget is of Oudendijk, the Senior Foreign Minister at. Peking, of Note behalf' of the Powers expressing Body in Peking that certain persons should be censured and others punished in connexion with the no avail if the payment of its appropriations is not made sure, and immune from external interference. It is useless to have figures balancing on paper if the - prospective Fevenue is not remitted or if _the appropriations may be modified in such @ way as to upset the equili-Urivm, This being so, we are inclined to believe that this very thorough memorandum and excellent scheme will continue to be chiefly of scadeinterest. The problem of! Chia's finance is so many-sided and is complicated by "its close association with so many of the other problems of China, that we Gnd it impossible to indicate, with ary assurance, where a beginning should be made, Perens
Text read from the printed page and cleaned; old type leaves the occasional error.