The Trade: is Suffering Most Severe, Injury by the Chaos in China From Our Own Lontion, Oct. 13.
Trede with China is again coming to the front as a topic of discussion, The controversy has been stimulated by a long letter from Shanghai in the Financial Nows which reviews "from the general and from the British standpoint, and which sums up the position as follows:—Tt is as difficult to suggest a is impossible to fore present situation.
Confidence has largely been destroyed, and without confidence ihere enn be no free trading. Chinese have lost confdenee in the tention, effect on trade and position of the unfortunate debenture-holders, lof the late British Municipal Council, Inow left in the lurch, T have been holder of the debentures for last thirteen years, and have recei fed the interest promptly and in full value hitherto. The first interest, ment after three and a naif months of Chinese administration, due July 1 last, nes Leen render by cheque payable in Centeal Bank oles, which can only be a a heavy ess, und whic refused up to the present ¢2 accept.
reply to my request fon fall silver-value the power of foreign Governments, and they never had any in their own, or have not had since the fall of Yuan Shih-kai bereft China of the Dictator she needs, Without a Government which is capable of maintaining law and order throughout the country, the prospect of a trade revival seems rately far away, us {ar away as the establishment of such a Government. Foreigners can help, a8 they til helping, by maintaining the Powers can help by definite abandon ment of the "new policy" of conciliation. And there do not lick i ieations that the latter is recogni to have been but mistaken kind-the Special Administrativ No, 3, Hankow, successors to the at Council, writes—I
Text read from the printed page and cleaned; old type leaves the occasional error.