Mr, Inouye's Proposals for Lifting It While all this was going on outside} the morning service of the Christian Church took place as usual, it being Sunday. The sermon was preached by a prominent Chinese Christian) Jon "The truth shall make you free, Aa an interesting commentary what the newspapers have told us lately about the present day propaganda round the name of Yat-sen; the preacher had a picture of him and eulogized him as the national hero and leader into free-\dom, I thought I saw traces in this} of propaganda. Liberty and equality were the words round which the speaker grouped his constructive} thoughts, and extravagance and opium the keynotes of his criticism. He roundly indited: the military for these things, emphasizing the multiplication of concubines as al chief hindrance to good work. Incidentally we might remark that the recent intemperate actions of certain leaders might well be traced to} intemperance in various directions. Opium and wine are by common consent not the only avenues along] which men may be intemperate, The Chinese are well aware how multiplication of "wives" unfits man for reliable" public busine It is interesting to note some of the contradictions that exist among w On the same day that the boyce! placards wore put up, the business department of the mission sold a feheque to a merchant for $500 a: advantageous terms. One of our number sent his congratulations to prominent pul The anyer he got was: "Thank you but please don't con; tus on such state of affairs." Yesterday a boy of the Mission school came with his brother, who is at the Government! Middle school, to ask for leave for the day. They are the sons of local gentleman, and their manners were perfect, Osaka, Oct. 31, Immediate removal of the embargo fon gold export is urged by Mr. 'Tunosuke Inouye, formerly Minister of Finance. On'a question of this' kind, Mr. Inouye is regarded as the authority in Japan, as his the head of th Tue Chinese shop keepers have sent in a protest to Dr. V. K. Ting ud Col. Yen Chun-yang stating!
wat they are losing much money because martial law is in effect. Several meetings have been held past three or four days been decided to send a Yokohama Specie Bank and 2s: Governor of the Bank of Japan ha given him practical knowledge representation to the officials asking} them to enforce martial law only on official premises.
Twelve months ago Mr. Inouye was opposed to the hasty restoration of the gold standard. But, at a recent gathering of bankers in Tokyo, he said that the situation has since undergone a radical change, and that now is the most, opportune time for lifting the ben. His reason for prompt action may be summarized as follows: tive holding of yen. He is firmly' convinced that the reduction of the gold reserve by this amount di not.in any way endanger the tion of the Bank of Japan as the central issue bank, as the Bank holds gold bullion' amounting to '¥.1,080,000,000 against notes i circulation' amounting to Y.1,190, 000,000.
1, Steady recovery of yen to near par 2. Probability of yen coming down again Yiext spring.
As a preliminary, he advocates the shipment of gold held by the Bank of Japan to the extent of 150 to 200 million yen in instalments of about 10 million yen each. He says the aniount mentioned- above represents the sum of foreign specala-
The shipments of gold revent'y resumed by the Japanese Treasury are being made cut of the specie held by the Government, and not] out of the gold reserve of the Bank of Japan.
Mr. Inouye's scheme, if carried out, would bring about a deflation of currency, tending to lower tom-/miodity prices: in Japan, thus" help-ling her export trade—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.