"The Times." in its City article to-day gives prominence to the striking. increase of China's exports during January and February, which, Jin spite of a large increase of imorts, has tured' the unfavourable trade balance of $7,151,649 in the same two months 'a' year ago into a favourable visible" balance of $4,807,281.
Feallzation of a favourable fe rade balance is, the "more leant {says "the Times")
large invisible exports Fepresented bythe remittances, homes lions of chinese jerly- made on the commerce, also finds relic raie"Feturas, of "te Tallway, which British: tovestors as bondhotd: Sen have a considerable interest.
'A further paragraph is devoted to] the earnings of six railways. (not however, including the Canton= Hankow' and. Peiping-Hankow) with considerable approval of the result One. must be careful not: to rase hopes that may be false. The finanders who arrange loans have their own ideas and keep their own coun el. But at least as a City man said fo me to-day, China can put up a ood case.
Text read from the printed page and cleaned; old type leaves the occasional error.