What particular development stimulated the imaginative faculties of the "Dally Herald's" political correspondent to startle the world with his discovery of a British loan to China cannot be exactly determined. As it is suggested that an official announcement on the subject may shortly be made it will be advisable fo allow speculation to exercise a Mle patience, plain as it must bg story is substantially wide of the mark and is, fact, nothing but a new canard' of dubious pedigree, The peculiar poli tical views of the "Dally Herald" are so well known that the intrusion of their prejudice into the correspondent's effort at diplomatic research will not be taken seriously. His gratuitous suggestion that the British Government is taking some action in contradiction of the declared frlend-Mines toward Japan so ill accords with every known circumstance tending the relations between the two countries that it may almost be said to supply its own clementi by virtue of its manifest absurdity.
Text read from the printed page and cleaned; old type leaves the occasional error.