Yet all these discontents have come to nothing and the flow of revenue from Canton to Peking has been very little, if at all, disturbed by them. Moreover, the redemption of 30,000,000 dollar nots in the summer—a redemption effect ed in exactly one month, under the direction of Mr. H. R. Boyd, spe ingly appointed by the Central Gov: ernment for the purpose—has im proved the financial outlook in Canton immensely and has gone a Jong way towards allaying one of the main causes of unrest, As against this, unfortunately, the war in Europe has added to the disorganization of the labour market by driving a large number of emigrants back to Kuangtung and so provided malcontents with fresh material on which to work. Taken as a whole, however, the past f it leaves us uncertain as to Yuan's reconstruction of China's governance is regarded by the Cantonese en masse, seems to show that his ability to control the south has decidedly increased.
(To be continued.)
Text read from the printed page and cleaned; old type leaves the occasional error.