The Sack of Yenshan posh today a fother sateen for "coepeden hint decrng the tee forte whi wren Yana been "aarng che ete iene tend tsps, out corpandet says inthe Seen" trading for Says Sof {Sk of Te esting Rud, inalgsan ites of he deen rosie ey Oise large sua We? rel abie cor ests "tate ike of els" tan Wong tne Stn total toe who may be oon SSinpnthllg wines "Eeday roe patel scseont of' fafrtnt of one Canes fon Set there ace' "eid pel what capone tne, wags hich unto died Hal ind ramones det tent ae "allot aria Sie ated for tock" wich Seatey serist ten Sitges Sie" tenets hala tortaaa fr more the cage cond pay ome ton odel into hae Sncutrmn and the kr son iisow as Tales th the exception of Shansi_ province? The suggestion that foreign smugglers when caught are let off by. any respectable foreign Court in Shanghai, is simply Furthermore, it is to be emphasized that the bulk of smuggled opium, (which anyway 33 a trifle compared with the 16,000 tons which China an-unally grows herself) is Turkish and Persian, from countries which have no extraterritorial rights. Every. ounce of opiam grown in India is accounted for and its destination exactly known, The searching of ships for smuggled opium is conducted by Customs officers and the Anti-Opium Association will hardly suggest that it could be done more leficiently whatever syst: m_obtain-The final assertion that, if the extraterritoriality are the peace and unity of 1 follow immediately as; What on reality the recent wars in Manchuria, Honan, Chihli, Shantung; or, going' little further back, in Kuangtung, Szechuan and Kiangsu? Absolutely.
Tt is a pity thut the Anti Opium Association does not pause to think how much it docs to destroy thy with all the aims it has in view by statements of this kind, Sapa ita a The Bank of England pray tte fo tea The fact that the Labour motion! to acquire and nationalize the Bank of England has paded a first reading in the House of Commons! anes ea Fae a means less than nothing. A simi polite formality is observed with reference to the majority of private Bills introduced into the House, almost invariably happens that unless Government adopts the Bill as its own, a second time of The two reports, to-day's and the red last week, may the Extraterrito which is filling model prisons in owing to the conditions which our i_correspondent describes, it and about China to see what things are like where they have not been specially pre-for the delusion of the forner, The sack of—Yenshan reads worse than what we usually ket, but there is quite sufficient} evidence in letters from our correspondents all over China that, wherever the military pass, ther weeping and gnashing of teeth, It is only fair to say that the distr under the control of Feng Yuhisiang's army are an honourable exception. But contrast this pieture with the peacefulness of coolies moving blocks of silver, where any Gegree of order is maintained, and] with the habitual friendly kindliness of the Chinese people. There ean-not be the slightest doubt that, if} the latter had their way, China would be as safe a country for Janyone to travel in as could be found, and safer than many. Surely before the Powers negotiate new! agreements with the unheeding official classes, they must settle} with the men who make China the sert of place that our Chil respondent has described; and that no less for the sake of the Chinese ple themselves than for for appearance sees its fate,—When {such takes place it is generally] productive of a very interesting, though largely academic, debate, und that is all that there is to be looked forward to in the present case. There can be little fear that Great Britain's financial system of so long standing will thus be rudely upted by such a Labour motion, for any real attempt to change its fundamentals, which have made London the financial centre of the world, and kept her £0 in spite of the adverse position encountered since the close of the war, would draw all the financial and comme:- ferests of the country into strong party wherein all. the minor differences of opinion woul be sunk. It is true that there are economic Bolsheviks with important commercial interests at stake, for instance those who hold that the principal British banks are too largely engaged in financial enter-and accordingly not functioning in their proper way—as_ the handmaidens of industry—but have never heard that such views lieve ever gone beyond the purely academic stage, such as we expect to see in the debate on the second reading. It has to be remembered that the Bank of England is the treasury house of the country. Before Treasury Notes were issued had been for long the only bank issue in England, and although the Scottish banks had and still have their own notes, their reserve concentrated in' Threadneedle! eigners.
Text read from the printed page and cleaned; old type leaves the occasional error.