Feb. 22.
'THE summary of the Cabinet's plan for a readjustment of China's internal loans which we publish. ed yesterday has caused much interest, a certain amount of alarm, and a good deal of spe- j culation locally. We have no intention here of labouring the fact of the woefully depreciated condition of these loans, for residents in the country know the position only too well, and further recognize that only the crass mismanagement of the Government has caused this depreciation. But it is necessary to examine with care the pro-, posals put forward in regard
Text read from the printed page and cleaned; old type leaves the occasional error.