26 JULY 1884, Page 2

M. Ferry still seems to hope that he may settle

his differences with China without a war. On Tuesday he is said to have stated at the Cabinet Council, that the Chinese Government had deputed the Viceroy of Nankin to settle pending questions with the French Envoy, M. Paten4tre, especially that of the indemnity. The French fleet is to remain off Foochow till the indemnity is paid. Apparently the Chinese Government has wavered again as to whether they are equal to a war with France, and it is possible that they will agree to the terms which France has imposed. Ready-money, however, is not plentiful in China ; and even if the result is peace, we suspect that France will have to arrange to pay herself by taking some equivalent for cash.