Many friends are glad to welcome Dr. Cheng Fai-ting, who is here as Government Commissioner for the Chinese Art Exhibition at Burling-fon House. Having seen the precious packing cases from HM. Suffolk into the vaults at Burlington House, Dr. Cheng is going to the Continent {for two International conferences on criminology at Berlin and Copenh gen. Dr. Cheng is 2 barrister of the Middle Temple and was a member of the international commission. on. extraterritoriality over which the late Sir Skinner Turner presided in 1026. On his way home he brought. for Sir Miles Lampson a present of some very special old Chinese wine which Sir Miles had once drunk at Dr. Cheng's house. A. special mes-[Senger was sent to Port Said to take delivery of the wine and carry it 10. Cairo.
An interesting explanation was given me to-day of the recent drop in all Chinese loans. At the outset it was due to the ten-shilling cut in the Hongkong & Shanghai Bank interim dividend, followed by the rumours from Shanghai of impending currency inflation. Since then, Tam told, there has begun a duel between two jobbers, a bull and a. bear. Actual sales "my informant Jsaid are few, and, by his knowledge there were practically none from Ching." My informant, it may be added, ig certainly one who should know, Incidentally, it is generally felt™ that all Chinese loans have fee en pushed up too Aigh and that the recent declines will result in healthier conditions.
Text read from the printed page and cleaned; old type leaves the occasional error.