Mlustrative of the uneasiness of the situation in Peiping is the temporary alarm caused by various reports re-Sarding the demonstration by certain elements of Chinese soldiery who, obtaining control of an armoured train, advanced toward Peiping. The authorities in charge appear effective: ly to have disposed of the demonstra tion and, after a brief spell of mar tial law, the situation returned to normal. "Apparently the railway was little affected by the incident to Which responsible opinion in Peiping iches no serious significance. Look: ed at with reasonable detachment, it would seem that the various movements arising out of the discussions, between the Chinese and Japanese authorities, could hardly be expected to proceed to completion without some difficulty or even a2 definite hitch. Indeed it may be a matter for congratulation that so electrical a situation has been able to work itself out in comparative calm. It is to be hoped that the prompt disposal the demonstration now recorded will enable Peiping quietly to resume adjustment, of ts affairs to the recent agreed arrangements.
The filing of a writ of ne exeat in the US. Court and the presentation, of a bill of complaint against Mr. F. J, Raven constitute a further stage the investigation of the affairs of the American-Oriental Banking Cot-oration under the liquidation proceedings. Developments will "be awaited with interest. The immediate lease of the action taken was a desire to ensure the presence of Mr. Raven within the jurisdiction of the US. Court while the affairs of his companies were under investi-Jgation, for apparently, information of this intention to leave Shanghai for the United States somehow reached Mr. F. L. Hough, the Liquidator. Mr. Raven has now stated that such intention was entertained by him, However that may be, the [proceedings now taken should help to clarify the position, on which, manifestly, there is some difference lof opinion. The Liquicator has learly been able to unravel tne ae: counts with considerable rapidity, Judging from the information which hho has now made public. Mr. Hough makes no secret of the fact that to this result the services of Int. H. De Vault, an auditor of acknow: ledged eminence, have greatly contributed.
Text read from the printed page and cleaned; old type leaves the occasional error.