taining @ few members from each group and this government is still functioning.
On January 28 of this year, active hostilities broke out between [Japanese and Chinese forces on the borders of the International Settlement in Shanghai, continuing unti March "2 when, the Chinese forces withdrew toa line some 20 kilometex of more from Shanghai. Since that date March 2). there have been no further active hostilities and it is hoped that as a result of the labours of the Peace Con: ference, a definite and permanent cessation of hostilities will be re-
The foregoing is a very brief rethe conditions which have prevailed in China since January, 1981, up to the present time and Will he readily "appreciated that [life the atmosphere created has etn conducive to. industrial and The Inst annual report, referred tothe prevalence of banditry: and Saummalen ena tothe cuna of the" Government. te eradicate, these fla by fore, Sut theogh trong eaerte nate een. madeeto ered the ammuuist andthe bandit mmcnase "and though apparently tome progress (nnd been "mae 8 this dein, it cannot be 90 Mrongiyonphasived that, aloe Iminitegtion, instability "of control trid adverse cconemlc, conto arg tneniy sespanattis fac thy pees fralence of banditry and. that per Tinsent elle const be anticipated tthe reaponible leader" suk Thee personal and arty, interests, find ambitions and combine to ort Pish" government "which "by ing for, the good of the coun-wih command the respect and opport of all classes The outstanding "event of the ear wan of scottie The cris Manchuria. As this. question is now the subject of investigations by the League of Nations Commission headed by Lord Lytton, would be improper and undesirable to make any comment on the present occasion. It is to be hoped y|that as a result of the investiga-ions now being' made, satisfac ory. solution of the problenis may be teached and that the many eon troversial points may. be settled leaving the way open for the un-trammelled development of this Fie we al that the at
events in Manchuria. should produce reactions in other parts of China and that the people should be foply stirred. Unfortunately, the students showing an entire absence for discipline and disregarding the efforts being made by the leaders of their government to meet the Tour last annual report reference was made {0 the tneatisfaetory "natare of the. Judgments tsven, in evil caseg by' the. Dist Chet" cour and to the consequent encouragement given fo unscrape: lous Chinese. merchants to evade is a source of profound regret misgiving that no improvement thie respect has taken place and any to wederstand why. for complainants show an igre tyr tendency Wo aver, Tecoutse legal process." Moveover, recent faves in connection with the Ante japanese Bopestt do nat show that impartiality and. fearless" admnistation of the law which is essen ial for the security of the indivi dual and. the credit of the State. Th ith ite hoped, re: ceive the most earnest attention of She jaticiary andthe Judicial Yaan.
While driving the past yen nese: tiations regarding. extraverriten Tty were" tarviad any it seems. 0b. ious that this question cannot be Farther considered until conditions stable than they are ut the present Chrgauhoot "China ate. far more The events of the past few months justify. the conclusions arrived at by Mfr. Justice Feetham necessary. taining the system of extra ter toriality and foreign, settlements, and providing cases of security for and property for both Chinese not and foreizm residents.
February 1981, silver touched its lowest point, T. 'T- exchange on London being 1/12. The low. ex: change reline throughout the year should have materially assisted exports but aving to the general world Gepression, China's" commodities were not in demand and the pore trade showed a decrease.
The following comparative figures supplied by Mr. MacEwan, lof the Customs, Statistical Depart: ment, show a substantial increase in silver value of, imports but, while in terms of gold, the value of gross imports has-been maintained, the importation of manufactured goods register a decline:
Text read from the printed page and cleaned; old type leaves the occasional error.