Financial bonds, which hold the public responsible for the payment Jot interest and repayment of principal, Dr, Ma, said should not' be The P. & O. Unlikely to Cut Out Suez London, Oct. 5.
The P. & 0. have informed Reuter that the possibility of their ships cutting out the Suez route and, instead, encircling the Cap was remote." Owing to their mal contracts, the Company added, special Government authorization, perhaps even an Order-in-Council, would be necessary for such a fed to ald certain corporations jonid be utilized to relieve ancial condition of the country as whole, Turning to the other important proposal advanced by the Shanghai Committee, namely, the use of redemption drafts " for loans, Dr, Maco: bad idea, with the exception that: was a little too late to apply such 'a-measure now that the nation in the midst of an unprecedented business depression. Should any commercial bank, having bought in oF discounted such drafts, be in need Jot cash, they are bound' to rediscount Jor sell them to the Central Bank of Chin, the Bank' of China, or the Banic' of Communications,' but, in view of the extreme busin
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