There is ug indication at present of any serious attempt being made to fulfil China's Treaty obligations for the reform of her currency, and it is now clearer than ever that foreign assistance and supervision are essential to the carrying out of this great task. In the interests of the Chinese people and all who have business with China, that beneficent work ought to be undertaken without further delay, as, unless some such steps are taken, Brave trouble at no far distant date must ensue. The seriousness of the position may perhaps be better appreciated when it is mentioned that the three Tramway: Companies in Shanghai have already found it necessary to publish notices informing the public that no light weight coins will be accepted in payment of fares.
Text read from the printed page and cleaned; old type leaves the occasional error.