CHINA AND JAPAN.

Dominion, Volume 5, Issue 1368, 20 February 1912, Page 5

CHINA AND JAPAN.

GREAT FINANCIAL ACTIVITY,

By Telegraph-Press AsEoeiation-Oopyrijlit Peking, February 18. Britain's firmness in securing the cancellation of the Japanese loan to Nanking on the seenrity of the Sluiiighai-llnng-clinn railway, in which England had prior rights, (ins concentrated attention on the persistent Japanese financial activity in l';uig-tsze Valley.

Jt is uow i'eari'd thiit the Japamve loan of ton /Million taels on tlie security nf the China Merchants' lleot may become a lever to diminish British interests. Tho loan of twenty million tapis on tho security of the ilangyang Ironworks already gives Japan n foremost position in llanl<au.

■ Imperialists and Republicans air> disregarding Japanese protests, and nro fighting in the neutral zone of Wafangtien, in South Manchuria.

"Will Japan avail herself of tlie opportunity to advance her interests in China," asks the "Japan Chronicle." "In doing so she would be merely following soiuo very old-established precedents, the latent example of which is the attitude of Italy in Tripoli. From that point of' view tho insurrection may have far-reach-ing effects in international politics. The cases of Turkey and China would seem to show that when a nation seeks to reform herself from within she runs (ho most serious risks, both internal and external—a somewhat depressing commentary on world tendencies even in these days of civilisation and enlightenment."