The correspondent of the Times at Pekin sends some very
interesting news in regard to the conditions which Germany and France have formulated with reference to the withdrawal of their troops from Shanghai, — conditions which the Chinese Court has accepted. The German condi- tions are three in number:—" First, Germany intimates that, the occupation and evacuation of Shanghai having been conjoint, Germany will also participate in any subsequent occupation. Secondly, China must agree not to grant to any other Power any preferential advantage, political, military, maritime, or economic, in the Yangtsze Valley, the stipulation as to economic advantages applying to States only, not to individuals. Thirdly, China must agree not to grant to any other Power the right to occupy any point on the Yangtsze River commanding the river, whether below or above Shanghai." The French conditions are prac- tically the same, but a little less drastic in form. As we want no preferential advantages in the Yangtsze Valley. and merely desire equality of trade there as elsewhere in China, these conditions cannot injure us.
