But, for the rest, it is likely to be fan Independent government, very independent indeed, especially in the choice of personnel, in finance, and railways. If Southerners do. find employment in these parts in tutu It'will only be as appointees of the Japanese; for the rest the edministra~ ton is likely to be peedominately. Northern. A distinct tendency in this. direction has already become notice fable in recent months. Tp fnance, t00 there are likely to be some marked changes. The Tecent currency laws came as a great surprise to the Japanese. "They were a quite unexpected challenge to their predominance in Chinese councils, and were therefore strongly objected to, from the point of view of prestige as muc' as from any fear as to the economic consequences.
This sort of thing tad to. be nipped in the bud, especially in North China. which the Japanese have com2 regard as their special sphere of Influence, muches" they did Manchuria up to 1931, It is generally believed that the currency of North China, if not actually the Yen itself will be very closely Felated to it before another year is out.
In this way the political and economic interests of the North will gradually drift apart" from the rest of China, until one fine day we shall be hearing about a fresh "spontaneous! Popular movement" in favour of com-Plete independence. Then, after 9 few weeks of the same Kind of excitements, og those we are now undergoing, anither new and youthful State will be added to the sixty odd nations of the world.
Text read from the printed page and cleaned; old type leaves the occasional error.