Another vehement telegram has' been addressed to the British, French and American Legations in Peking by the National Organization Union of China, the Shanghai Associated Bodies, National Students' Union and Shanghai Students' Union. It denounces the Japanesa loan of Y.9,000,000 and then continues In recent years Japan has frequently supplied the minority of officials and militarists with funds and munitions so that the trouble within this country might be prolonged. Out of our unspeakable hatred for Japan on account of these loans, we have boycotted the Japanese goods with the hope that the Japanese people willie thoroughly awakened and will urge their Governors to change their policies towards China. However, Japan has broken its pledge made in'common with all the friendly Powers not to make any further loans to either the Northern or Southern Gov: ernments until there is peace country. She has usurped tegrity and rights so as to influence of the friendly countries China. We should therefore be greatly \debted to the friendly Powers if they. while maintaining their friendship to. ward us. notified Japan that she had
them. broken her pledge not only to us but to The telegram is interesting as indicating, rather subtly, the sort of trouble that will ensue if negotiations for the Consortium's £5.000,- 000 loan come to anything.
Text read from the printed page and cleaned; old type leaves the occasional error.