There is a curious. telegram from the Tientsin corre- spondent
of the Times in Thursday's paper. It: is to the effect that the Japanese are delaying the negotiations for a commercial treaty with China, and also for the execution of the convention relating to the evacuation of the Liau-tung Peninsula pending the completion of the British Elections, in the hope of inducing the new Government to support them against Russia. On the same day the Shanghai correspondent telegraphs that the Japanese Government demands from China an additional indemnity of £7,500,000 as compensation for the retrocession of the Lim:I-tang ,Penitnania. These] of coarse, may be nothing but rumours, bat we should not be „surprised if Japan. were to adopt an aggressive policy towards Russia, in the belief that England could not afford to see the make-weight against Russia in the Far East destroyed.