ment, in a memorandum to the Gov. submitted seven anal regulations, providing a verdi pending conclusion of a new. treaty between China and Spain, for the consideration of the Council.
In a mandate of the Nationali Government dured December the seven provisional regula: tions submitted by Dr. Wu were accordingly proclaimed being effective, pending the conclusion of a new treaty, regarding Spanish residents in China:—(1) The diplomatic and consular representatives of Spain in Chit shall receive the treatment accorded to such officials by the general ruleg of international law, (2) The persons and property of Spanish subjects in China shall receive protection aco (3) Spanish subjects resident in China shall be amenable to Chinese law and subject to the jurisdiction of Chinese courts, (4) Civil and criminal actions in China involving Spanish subjects shall be dealt with according to the procedure governing nationals of non-treaty countries (5) Imports into China from Spain or by Spanish subjects and exports from China destined for Spain shall be subject to the customs tariff ax applied to non-treaty countries and their nationals (6) Spanish subjects in China shall pay auch ta are paid by Chines (7) All matters. not specifically covered by the above provisions shall be dealt with and adjusted acconling to the general rules of international lay and according to Chinese Inw.—Kuo Ain, keepers of the Nationalist" war chest will presumably be most interested will be the compilation of tion from the books individual merchant and who could bly thought worth approaching with urgent appeal for a voluntary patriotic contribution, It is not difficult to sce what the effect upon the Chinese banks here would be if the foreign authorities were to esuuntenanee the Imposition of any such system of inspection fand registration. The result. could nothing less than a panicky transfer of all cash accounts and securities from the Chinese to the fore ko, "lack of confidence that "would affect note issues and another all-round depression of nue tive trade through the. hiding and hoarding of capita Tt is welt ry in-an uncanny way and invariably booms after a war as though the trading field were newly fertilized, but that no" thing can combat' and outlive systematic official extortion such as would be made possible by the application of these regulations here ind the imitation of them that, ly come elsewhere.
Text read from the printed page and cleaned; old type leaves the occasional error.