Sar Nanking is said to be appointing experts to devise means for the abolition of extraterritoriality The Budget is, in effect, the crux of the Disbandment Canferenee, its acid test, the fulfilment of the promise, For, if the Budget ix per mitted to function, then there is 'a unified, Central Government; if the Budget functions only in a lew inees, then that is the measur National Government; if the Budget does not function at ail, then there Nanking consists of a congerie of political leader, surrounding the personality of Chiang Kai-shek, who ix permitted to give the appearance of exer by mutual consent in the parsuanee of the "peace at any price" policy.
So much emphasis is placed upon. the Budget because China's military problem is still essentially a financial problem only do the generals maintain their forces through local taxa: ios, hut they dare not disband ths surplus because of the dire ests of de mobilization upo hood of the people. that one 1 whole question of justment and unifieatia: is political find of ud that Soviet "Activites in Japan rin "Trate Boom' in Routh, Sequel 12! Cotinion f=) Amoy
Text read from the printed page and cleaned; old type leaves the occasional error.