Comforting is the thought that, neither in Great Britain nor in France, is there anything but deep abhorrence of anything approaching jFmed action to enforce arguments in the present crisis. The feeling clearly ts What sacrifices for the sake of avoiding war are worth making—whether they come under the tead of political expediency or nol. Once again the sanctions issue seems 10 resolve itself into determination of the efleacy of such a measure short of provoking reprisals. As this jour nal Eas consistently pointed out since October 1931, the provision of sane tons in the Covenant raises such complicated questions that ils practlca-Dillty is open to doubt. That con-_ sideration has been ignored in the sanctions imposed on Italy, and it bby no means certain that the process ras been eMelent either in actual operation oF in achieving the objects desired. It is apparent that British opinion, however ready to sup-Port "sanctions in the Ethloplon {issue where actual physical aggression, curred in the shape of hostilities, diffident, to put it mildly, in con templating' the "application of sanctlons—at this stage at all events—for. the coercion of Germany In respect of the remilitarization of the Rbin land." This does not necessarily support the charge of inconsistency for, apart from the essential difference in tthe two issues, it is within the power of Great Britain to offer Franco adequate guarantees in compensation {or the loss of security arising from Herr Hitler's action. While, therefore, the basic Issues of Mdelity to treaty obligations and French security must be borne in "mind, there can be tittle doubt that the efforts of the statesmen Inow assembled in London will be directed toward discovery of a way to avoid extreme measures. The precipitation of conflict cannot be viewed with equanimity. and it would be of no value whatever to be able—quite justifiably even—to assign tke blame to another parly. dimeulty is to extract from the Ger man Government's disappolniing response to the British note, material for making a further effort in con-mee greater structive solution of the problems: involved.
(Continued on page 476.)
The opening cruise of the Shanghai
place on April 5, {The eleventh annual meeting of th Shangtat Paper Importers' Assoclation Will be held on Merch 31, The premises formerly occupied by func, Crawford. Ca, on Nanking HHoad are being offered for rent.
USA, have been appointed distri= E, W. langdon & Coy Fed. Me, foutoré of India tyres and tubes in 'The Bureau of Trade Mark of the [Chinese Government has received orders to remove its offices from Shanghat to Nanking' as from March The inaugural meeting of Shanghai Shareholders Protective sociation took place on March 17. All shareholders in local companies have been invited to attend.
During Mr. Graeme D. Nicholl's absence on home leave, Mr. Frederick IE. 'Pollard will ye in' charge of the North China branch of. the Manufacturers Life Insurance' Ca, OMela celebration of the birthday of Emperor Pahlavi of "Tran took place In Shanghai on March 18, when 4 reception for Iranian subjects and their friends was held at the Iranian Consulate General A permanent exhibition of Chinese goods manufactured by local factories, which have been granted Special Factory Produce Privileges by the Chinese Government, has been open the Custom House, Shanghai, Persons having claims against the estate of Capt, Phineas Henry Gifford, master mariner, who died at Shanghai on February 25, 1036, are Fequested to send parileulars of same (o" Teesdale, Newman & Ca, 50 Peking Road.
The names of the Talwo Spinning Company Limited, the City "Invests ment Trust Company Limited, Shang hat Ty Limited, "and. Cooper, Clay & Kirby Limited have been British The 4th public drawing of Chinese Government 23rd Year (1934) "0% indemnity Loan Bonds will fees of the Central fon April 3, at 10 The drawh bonds will be di for redemption at par on July 1, 1936, Tte following scholarships are oftered by the Royal Society of St. JGeorge (Shanghai Branch), tenable ror one year, to be awarded on the result of an examination to be held Jon Friday, April 3, 1986. (a) Two Jscholarships each of the annual value of $100, one for a boy and one for Jo gin), the children of "Englishmen. (b) One special scholarship of the Jannual value of $100 for the boy oF girl, the child of a Lancastrian, who obtains the highest marks amongst children of Lancastrians entering for the examination." No candidate will permitted to take' more than one ship, which is restricted - to is in Shanghai and to candi: Jdates not more"than seventeen years Jof age on the day of the examination.
Text read from the printed page and cleaned; old type leaves the occasional error.