Since Mr. Chang Kiang-au_ himself had referred to the subject, Sir Arthur Balfour remarked that he felt at liberty to say how gre was the importance attached" by friends of China to the work of financial reorganization being really feiven the attention which war desirable, He declared that nothing the world a better impression of the contro: tive capacity of the new regime in China, than a really efficient—o-ordination and use of her revenues, which alone are capable of carry ing China far along the road of financial rehabilitation. Such rehabilitation, however, must proceed from within and must obviously the work of the Chinese themsel revolutionary changes China, he continued, had not only agreed with the Chi in thinking that the framework hich their foreign trade had hitherto teen conducted require.! alteration. They welcomed the aiteration already made in connection with the tariffs and were in accord with the intentions already expressed by the British Government regarding other changes. They had already noted the unmistakeable unanimity and conviction of the Chinese delegates on these matters, 2nd their views woald receive the most careful attention.
Text read from the printed page and cleaned; old type leaves the occasional error.