We are bound to admit, however, that within the past
few weeks the Kuomintang has been singularly unhelpful. As a prelude to the much desired revision of Treaties the Nanking rulers have been tearing up Treaties wholesale, although the Treaties themselves stipulated that due notice of denunciation should be given. The wisest advice which has yet been given to the Kuomintang came from Li Chai-sum of Canton, who said that the first duty of the party was to restore peace throughout China. When the Chinese had put their house in order, he said, Treaty revision would solve itself automatically. Meanwhile, it was mischievous to abuse foreign countries. This reproduces in effect the excellent practical advice of the Chinese bankers of Shanghai, who recently insisted that the first thing to do was to disband the armies and to fix the currency by means of a Central Bank. *
