27 APRIL 1901, Page 1

The Japanese are greatly excited by the action of France,

which has promised a loan of four or five hundred thousand pounds to the Government .of Korea in consideration of some railway concessions. They suspect that France, is. acting as the cat's-paw of Russia, and have addressed to Korea a "courteous" but serious remonstrance. They think that as principal debtor of the Korean State, Trance will exercise an influence which will always be pro-Russian. It remains to be seen whether Korea will yield; but everything which happens in that kingdom, or in Manchuria, deepens Japanese suspicion of Russian designs.