The firmness of to-day's market for IChinese bonds reflects the sah tion felt in City circles over China's efforts to put her house in order. [Stock Exchange buying of the leading [Chinese bonds is now better regulated jand is largely for investment. This is the natural outcome of the realization that Chinese issues offer a better yield than gilt-edged industrial shares, though Chinese bonds are still considered as rather a speculative proposition.
The movement has also been mat-Jerially assisted by evidence of a lack Jof desire to invest further in Japan-Jose issues, owing to that country's huge military programme.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.