the face of it, it seems that the new Jaw has been drafted without suflcient consideration of the appropriateness of the provisions imitation of the territorial acti vities of companies and in regul tion of the origin of the capital Invested. These observations are necessarily subject to such qualifica-lon as may be desirable when the full text of the enactment jis available. In the meantime seems likely "that foreign insurance companies in particular will devote themselves to a close examination of the measure which promises so. adversely to affect their interests. And it will be noted that insurance companies play a most important part in developing and protecting the opera: tions of Chinese and foreign commerce. At this particular juncture the Government cannot safely after to overlook so vital a consideration. It will surely not permit itself to be countenancing proposals which eu: clean across its declared policy of meeting the adverse balance of payments by removing barrassing impositions on internal trade.
Text read from the printed page and cleaned; old type leaves the occasional error.