The "Japan Mail" still refrains from commenting on the reported terms of peace until more accurate information is to hand. The "Japan Advertiser" alleges that one prominent item in the consensus of opinion is that some ox-tra ordinarily powerful pressure must have been brought to bear at the crisis to have occasioned so complete a reversal of all that this people expected and had a right to expect.
The "Japan Gazette" says that we are not of those who believe that a distr ful peace is better than war of any kind, but, even taking the most pessimistic to the peace terms into account, the balanco—as compared with the balance before the war—must be recognised to be enormously in favour of Japan. Finally, the terms themselves to be supplemented by the announcement soon of new international combinations which will amply clinch the Japanese advantages so far secured by this remarkably successful war, The "Japan Herald," the German organ, states that "in considering the terms of pence the reasons which induced Japan to igo to war must always be remembered." So far as is known Japanhas succeeded in carrying out this object and moreover all the remaining concessions of Russia may be taken as parts of the penalty paid by Russia for forcing Japan to go to war, "Tt is true that these go but little way to recompense Japan for the many valuable lives she has sacrificol in the struggle," cor your contemporary, "but the largest indemnity would not enable Japan to replace these. Japan, however, entered on the war with
Russi no desire to exact a largo indomity from she was perfectly aware that Russia had never paid an indemnity to the victor in the struggles in which she had boon engaged, that to force hor to pay an indemnity was a task beyond Japan's strengthy and that the most she could do would be to destroy Russia's power in the Pacific and at the same time place herself in a position which would enable her to effectually restrain any future attempts on the part of Russia to build up Far Eastern empire. This she has done. She has not only. shattered Russis'a Far but she has also totally destroyed another fleet sent to support it, thus reducing Russia as a naval Power to years must elapse before Russia can bring her navy up to its formee dimensions. She has stench a great blow at Russia—a blow which has shaken the Empire to its foundations and has destroyed its prestige, not only in the Far East but also in Europ Terms of Peace.
The "Kokumin" learns that the following terms have been decided in addition to those already known The partition of Karafuto at the 50th parallel. (This measure was originally proposed during the course of the nogotiations hold with regard to the island toward the end of the Tokugawa Sho-Neither Russia now: Japan are to construct fortifica i No fortifications shall be: constructed on the Russo-Corean frontiers by either Tapsin or Russia.
Russia to cede the Chinese Eastern Railway south, of Changchun, south of Harbin.
Russia to pay 150 million yen to Japan as expenses in connection with. the prisoners.
"Japan and Russia to enjoy equal right in the fisheries of the coasts of Primorsky
Text read from the printed page and cleaned; old type leaves the occasional error.