When one speaks of of the secured portion of China's foreign debt must be explained that the security in question is good so long as trade continues and the two great revenue producing departments of the Government, namely the Customs Administration and Salt Administration, are allowed to operate without interference and the government rail-jon recommencing business after such jan outrage. Tteannot be said, there. fore, that the transaction evidenced any' desire by the British Goven ment to exploit China in the interest] of its nationals, Not only was the sum not an exaction but in fact it fell far short of a full indemnity so] far as British interests were concern-
Text read from the printed page and cleaned; old type leaves the occasional error.