CONDITIONS IN CHINA:
Too little is known in. this country with regard to the inwardness both of political and financial developments in the great country of China. For that and other reasons the publication here of the speeches of the Chairman at the Annual Meeting of the Hongkong and Shanghai Bank are always awaited with considerable interest. At the recent meeting in Hongkong the _Chairman, the , Hon. C. G. S. Mackie, made some very interesting Comments both as regards financial and political developments in that country. A feature during the past year in. China has of course been the erratic movements m silver, and the Chairman . criticized severely the American measures for an artificial raising of the price of silver, culminating in the Silver Purchase Bill and the nationalization of silver stocks in U.S.A. Mr.. Mackie's com- ment with regard to the Bill was, that " so far-it has benefited an insignificant number of persons to an unconvincing extent, While it has caused serious dislocation, which may yet prove disastrous m a . country which contains one-quarter of the world's population." " Mr. MaCkie also reviewed the political situation in the Far East, and in the,course of hiS remarks said : " It mould be unwise to close one's eyes to the potential dangers of the. complek problems which the whole world—not only the Far East—faces today.. There is much inflammable material lying about everywhere, and caution, allied with wise statesmanship, is needed, particularly-in-the capitals of-the countries surrounding the Pacific Ocean, the name of which we trust will long remain a good omen."
At the.same time•Mr. Mackie referred.to the hopeful sign that a' and 'Japan are on -better terms now than at this "tifme
last Year.
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