The report dealt at length with the Balance of Trade and the cur. rency problem on which it expressed opinions to which it seemed un. fortunate that the Government did pot pay heed when it addressed itself the task of coping with the export of silver in September. The arguments adduced by Sir Arthur Salter to discourage any artificial control of currency in China may be fudged from tte fact that he advised the improvement of the balance of trade by the slow or "long term" remedy of reducing the need for imports of commodities like cotton, wheat and rice and increasing exports of such hhational- products as tea, silt and by abolishing export duties.
Sir Arthur came to the conclusion that in the political and military situation was to be found the root fof China's di Mculties. The strain had been increased by Japaa in Manchuria in 1931, in Shanghai in 1992 and in Jehol in 1933. The report went on-to point out that" if China's external relations were such
Text read from the printed page and cleaned; old type leaves the occasional error.