Me, Shaw uttered a very stu warning to the British investor te beware of anyone asking for loans for Manchurian development and, called attention to the recent efforts of the Japanese in this direction, laying stress on the fact that no Japanese enterprise would admit foreign capital. He also emphasiz~ ed that it was no longer possible to make as a -eondition for any oan the purchase of material in the h country' providing th money. The Chinese might promise +to do so, but they would not carry it out, It was possible that in Northern Manchuria, owing to the recent unrest, the outlook for 1930 would not be as good as in 1929, bury taking the country asa whole, it offered possibilities of enormous trade Various, questions wore askeil, some of "them rather suggesting stagnation in local trade, and after wards a warm vote of thanks was passed to Mr. Shaw on the motion of Mr. Anderson, who laid stress on the fact that the present moment showed more than ever the importance of recognizing the sanctity of treaties, and that, whatever Chi did, it would be essential to com= mand the confidence of foreigners and to give ample security for their lives and property.
Text read from the printed page and cleaned; old type leaves the occasional error.