The native order question is one of the most important of the whole situation. For ordinary business these are issued on five da; ind they are held by the foreign banks to the extent of several mil-Hon taels. Owing to the closing of the banks these have not been he ured and with the approach of the Dragon Festival, which falls on the 25th instant, the position is an esventially serious one for the native banks. It is believed that when the banks decided to close a resolution Was come to that only by a unanimous vote could they reopen. The majority to-day are extremely de-jus of reopening but one or two standing out determinedly, and 0 Ro progress in the direction of a resumption of business is possible. As to the attitude of the banks which oppose reopening there are conflicting reports. One is that they are wholeheartedly in.support of the students, but there is also the suggestion that they are opposed to reopening for the reason that they are seared of a run made on them. There can, however, be no doubt of the general desire to get back to work and have a chance straighten out their accounts. The settlement of the Gold Bar Exchange was due to take place yesterday, but it has been postponed indefinitely: in fact, something like moratorium is in operation, All this has its effect on businesses such as the Stock Exchange, The June settlement which would economic. The Communists are trying to affect a combination of the influence and to prevent the indus trid development of Japan in China. The eholition of unequal treaties is tone of the main- platforms of the tators. The Chinese are perfectly free to start such movements, but the moment the lives and property of others are endangered, then either the Chinese authorities must act, or else it will become incumbent on the foreigners to adopt means of If the Chinese intellectuals, who ought to be the prop and support of their country, do not amend their conduct speedily, China will suffer punishment at the hands of the Powers before long. Their mad actions ere all the more regrettable because such seriously impede the efforts being made to affect a reform in China's internal conditions.
The Powers should be directed towards protecting the true interests of the Chinese people and to help China shake off the malign yoke of Bolshevist influence.
"If further troubles break out, China must take the inevitable consequences. Such outbreaks will in: lore her prestige and will plunge her into great difficulties." have been a large one running into millions, was due to take place on the 23rd instant, but it has had to Joe postponed. Shares have to be taken up or delivered by the Chinese and native banks, but as matters stand there is no d such transactions being completed, So long as the Chinese and native banks remain closed there is no possibility of the settlement going through and the Stock Exchange Committee have accordingly made the settlement date dependant upon the opening of the banks.
Text read from the printed page and cleaned; old type leaves the occasional error.