Pemaylvania Bros: London, Hur Fi, Paladin Unie phrey" Milfors,'Oxiord University view of the fact that China is atthe present time considering: measures to consolidate the whole of her indebtedness, both foreign and domestic this publication bz Dr, Coons, who is Assistant Professor of Economics in Occidental College, comes at 2 useful juncture The loans made: to China by foreig? countries from the earliest moment fare dealt with in a very open. minded way, and Professor Coons hows a fine historical flair in tracing their origin and the need of China at the different pei of these loans for ready money. There isa short history attached to practically every loan, ard when it comes to those which are unsecured or in any way in doubt, there is question about the value of his information, for in this work he has summarized the bibliography of an infinite number of other writers and investigator Nor is Dr. Coons dogmatic. He mentions, for instance, the. well-Known controversy about the total amount of the Nishihara loans to China, and docs net try to state what the total amount is, conte himself with saying that other than Chinese suthoritios have estimated the total as being. as high as The debts dealt with in this work are well classified, different chapters dealing with loans for railways, for plots of the Russian operas, which military purposes, for recon-will be' seen that its value must be considerable to all having to bandis much scrip.
Dr, Coons, however, goes farther than' a mere. statement of the indebtedness of China, and in the concluding chapters of his boo! deals with the ability of China as fan exporting and producing country make all her Habilities good. He is to-be congratulated on kis for he has collected figures from other sources, put them in a concise form, and so that the mann the-street may understand, has explained what the liabilities are and what the likely security. Furthe—ore, it as been done without bias, The Commercial Press Ltd., are agents for the work in China nav.
Text read from the printed page and cleaned; old type leaves the occasional error.