The purpose of the Nanking! Government is to purge the Kuomintang of the C. P, elements and to drive out of the Nationalist Gavernment all Communists. As the whole Hankow Goverament is a Communist organization, this is tantamount to declaration of war against it. Hankow has responded by a warlike act: it has declared a moratorium, sealed all the cafes and vaults, for-hidden the banks to pay out any liver and ordered the populace to accept the banknotes of the Hankow] Yrarches of the Banks of China and ment. They have the two wealthy, Fevenue-producing provinces of Kiangsu and Kuangtung to draw upon, Ultimately, if any Kuomintang group can engender any foreign suspension of judgment, they will have it. The middle class of China is behind them and they have qu: lled bat not killed C. P. labour activity jim the industrial centres under their [control. To that extent, they have strength.
Hankow, on the other ha still dominates the bull: of the alist army. Generals Tang Seng-¢hi and Chu Pelsteh are for the moment with them. It is possible that both will eventually become Tochuns and leave the Communists helpless, It is also not Mey possibility that the news that the Fengtien. army has reached Wuvane kuan is true. Hankow, then, faced by frightful international complieatiang, by: menacing Chinese armies and by a broken leadership may fall—bat it is too early to be too mare, for the Communists have fallen before, only to find some little tri which prolongs their life. The fact that so many of the military mex of the Nationalist Army wae were expected to join General Chiang, Kai-she'c have gone over to Hankow raises doubts as to the status of the Nanking Government. And at the same time, there are constant, authoritative reports of shooting from Pukou and of Marshal Sun Chuan-fang's revival of an effort to jeapture Chinkiang. If these reports be true, they mean that General Chiang Kai-shek has unable to make any arrangements with the Northern Militavists to protect himself from their military efforts while he is engaged Hankow.
Text read from the printed page and cleaned; old type leaves the occasional error.