June 16.
Iv is with great reluctance that we take unfavourable notice of statements in other papers. There are too many inter-newspaper controversies, which must be as uninteresting to readers as they certainly are unedifying. But a statement was made in last Saturday's ''Weekly Review'' which, reflecting gravely upon the honour of British banks in the Far East, cannot be allowed to pass uncorrected. The article begins by state ing that '"'the Chinese Government owes to American bankers and to American manufacturers of railway equipment a sum of money practically equivalent to $50,000,000 Chinese currency,' and that '"'some of this money is a year overdue and some of it two or three years overdue'' and that it is ''very evident that the Chinese Government is broke and cannot pay its bills"? "The Weekly Review" then quotes a Reuter telegram from London of May 81 report-!
Text read from the printed page and cleaned; old type leaves the occasional error.