Dec. 17. is but natural that bond market should shi some reaction towards the pre sent political developments in Nanking, it is gratifying to note that the announcement of th resignation of General Chiang Kai-shek from the position of Chief Executive of the wards the relief of uneasiness which has -existed for at least the past five or six weeks. It is clear from the attitude of the Chinese Bankers Association as evidenced in their memorandum to both parties carly in November, that they are not only, ing, but anxious to assist in the rehabili tion of their coun try's finances. Not only that but a government which continues to attract their services and advice must eventually come mand a degree of confidence without which the latest departure may have no more perminence than any other form of experiment, Thus while it is recognised that the rehabilitation of the domestic finances of the nation is a first charge upon the Tesponsibilities of the new, government, it must not be forgotten that the task will not have been wholly completed until all obligations of the Chinese government, no matter where it might have been situat~ ed, are ultimately cared for. On that point a previous leading article in the "North-China Daily News" on the subject of domestic bonds called forth some spirited communications to thd correspondence columns of the Paper. In this respect the new might possibly be no more government has a wonderful potent in Nanking than it has onthe capacity of the new Minis-serves the gratitude of its Chinese Republic did not have as been of late in Canton, where, if ters to preserve the fundamentals [successors on account of the apdisastrous an effect as would opportunity before it. A com-reliable reports are to be of an exceedingly weakened in-Parent absence of official sabot-ordinarily have been expected. bined government, representing believed, the general opinion of stitution, Decisive statesmanship Age in this time of crisis. The Th ere seem to be two reasons for all the interests which were the Government established Finance Minister, whose deci-this firstly, the fact that a originally behind the establish-will be needed to avert dangers there after the split with Nan-sion to remain in' office for the change in the rament was ment of the Nanking regime, of which the portents are only king does not err on the side of time being must be regarded a: to be anticipate from the backed with the prudence and too evident, enthusiasm. 'Thus General most creditable gesture, ha: moment pourparlers commenced foresight of the bankers who Chiang Kai-shel may be dit long aimed at creating a' civi be tween Canton amd Nanking, have done se well for the coun posed to allow the aspirants to service which might bring fo secondly, that there is a try in the past, and announcing is office full scope for the
Text read from the printed page and cleaned; old type leaves the occasional error.