26 DECEMBER 1925, Page 2

The Japanese have entered Mukden and no one can say

what results may flow from this move. Japan explains that it was absolutely necessary as there was no Chinese authority who could protect either. the lives or the property of foreigners. The stories of Russian intrigue increase in number and credibility. There is no real_ affinity between Chinese and Bolshevists, but that. fact does not, of course, prevent the Bolsheyista from fishing busily in the troubled waters. The need for good work at the Tariff Conlrelice is most urgent at the very time when progress is most difficult. * * * *