The whole conference, Mr. Stewart raid, ig in the nature of a highly complicated commercial treaty, and when it is noted how Jong it has taken in the past to get commercial treaties arranged -between two countries, one must not despair, in such a case as this, where a treaty is being made between about 12 different countries on one side and China on the other, if it cannot be done in the course of six months, At the same time it must not be thought that considerable progress has not been made, There fare many points on which one may vay that everybody is in agreement, even though there remain quite a number of other details which will take a further period to work out, Naturally the extremely difficult political situation which the Chinere delegates in Peking have had to face has made their work extraord-marily diMeult, but at the same time T think every possible credit should be given to the two remaining Chinese delegates, Dr. W. W. Yen and Admiral Tsai Ting-kan, for the great efforts they have made to continue the negotiate on Yehalt of China under almost staggering difficulties.
Text read from the printed page and cleaned; old type leaves the occasional error.