War-time conditions govern the finances of the Chinese Government, but the latter have been assisted by Shanghai M. Dragao Chingning M. Tus flood crops in the Western provinces Li and by the fact that remittances of money from Chinese residents-abroad have been remarkably well maintained. Perhaps I can sum up the currency and financial situation in China by saying that, partly through good fortune, but more through skilful management, it has been kept well in hand.
"We have watched with anxiety the developments taking place in regard to the Chinese Maritime Customs Administration. Although the so-called Anglo-Japanese Customs agreement of last May has not yet been endorsed by the Chinese Government, Ethel Moller Whar we are satisfied that it did in fact serve a valuable put pose in aiding the Administration to pass safely through Don period dangerous to its integrity. Weighty reasons have restrained the Government from putting the agreement into effect, but we are sorry that this has not been done. Apart from other things ít has meant that no foreign loan quotas have been remitted from the ports under-Japan-might have been applied to other difficult questions of international pu
Text read from the printed page and cleaned; old type leaves the occasional error.