Discussing the British" mem. oran dam to China, the "Times"! says that it cooms to have annoyed the "extremists on the Yangtze," but to have undoubtedly produced favourable impression on the civilized world: it takes the initiative in proposing a policy marked by attractive boldness, breadth and simplicity, The Government's policy, the Paper says, is clearly one of thoes very large projects which must be taken as a whole with its chief consequences and must resolutely be followed by the British Government, "We regret," the "Times" continues, "that they did not press their views earlier. It is certainly unfortunate that they should now give the appearance of surrendering to force what they long since have been ready to concede to reason. The new policy is open to obvious objections and is not free from dangers; but it is a large, positive icy, free from taint, self-seeking or rivalry with others, and thus correctly reflects the feelings of thir country."—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.