The absence of negotiations proceeding in Peking between the Sab-Commitees of the wopu and the Diplomatic Corps with reference to the Huaogpa conservancy, grave anxiety locally. The det reached the, erable gress of the negotiations surrounding this vital and all important question, From Peking we learn that the Sab-Committee of the Waiwapn have handed in s counter rsa that submitted from Shanghai is understood that the Shanghai refers particularly to finance.
It is to be sincerely hoped that, io the negotiate now proceeding, the agreement arrived at in September, 1905, will not in any way be modified. It must not be forgotten that of the riginal conservancy loan there is at present outstanding a principal of about Ts. 4,500,000, while the interest amounting to roughly another Tis.
000 han to be met. It is fly anticipated that rome objection wil ed by the Chinese Gover alg from the fact that they have done away with their opium revenue, part of whic was oar-marked for conservancy work tent upon to utmost extent, namely, that the obligation is not cancelled on account of recent developments in the situation with regard to opium.
Article X of the Agreement of September 27, 1905, sets out the obligation in the following term points and gives as gum expenditure of the riverine works the entire daties 00 opium of Szecbuian and Henchowfoo in Kiangan, In accordance with the provisions of the Protocol of 1901 she ander-takes to provide for these works yearly and daring twenty years, " sam of Hei-Tis, 460,000. If during any year after the commencement of the work, the purchase of material or machinery necessitates an exceptional expenditure, Chins, to meet that, may contract Joan guaranteed on the revenues of daties on the above mentioned opiam.
Text read from the printed page and cleaned; old type leaves the occasional error.