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The Chinese currency is practically under the control of foreign banks. They can issue bank notes in China without any control from the Chinese Government.
REAL CONTROL OF CHINA BY INTERNATIONAL BANKERS Financially China is dominated by what is known as the Consortium. The Consortium is a self-appointed group of international bankers-American, British, French, and Japanese-to exploit China for their own benefit. The predominant British firm is the Hongkong & Shanghai Banking Corporation.
In 1923 the Consortium, which has never been recognised by the Chinese Government, met and agreed to substitute "international co-operation for international competition in the financial affairs of China."
For years past the international bankers have exploited the Chinese, retarded their development, and set faction against faction, in order to hinder and obstruct a united self-government.
EFFECT ON BRITISH TRADE, ESPECIALLY LANCASHIRE
There are many examples to show that British capitalists are opening factories in China to take advantage of the terribly cheap labour. New money is being invested to open factories in China, which could have been opened in England.
If Chinese Labour acquiesces and continues to be exploited the effect on the British worker will be disastrous.
The Chinese are not likely to be encouraged to buy British goods at the point of the bayonet or machine gun; they are more likely to be encouraged to buy elsewhere. Far better make friends with China. Why cannot England take the lead in the East as the first Great Power to substitute friendship for force?
Germany, like Austria and Russia, has renounced her extra-territoriality, and is, consequently, developing close friendship with the Chinese.
UNRELIABILITY OF NEWS
It can be taken as fairly certain that all cablegrams leaving Shanghai or other Chinese towns are censored by the foreign controlled Municipal Council. News in the newspapers should, therefore, be read with that knowledge,
Even in normal times Europe generally gets news from China through the inspired Press.
"anti- It is wrong, but strategical for the capitalist, to call this movement foreign." When they say "anti-foreign " it should be "anti-foreign imperialism." CHINA'S DEMANDS
Sympathy strikes have spread all over China to Pekin, Nanking, Canton, Hankow, &c.
The Chinese Government already has sent two protests to the Foreign Legations in Pekin.
Meetings and demonstrations have been held all over China.
The chief points of the Chinese demands are:-
(1) Immediate stoppage of use of armed force against Chinese civilians
(2) The trial and punishment of all those responsible for firing on unarmed
strikers and students.
(3) An indemnity for those killed or injured.
(4) The immediate withdrawal of all foreign troops and marines and warships
at Shanghai.
(5) A revision of all inequitable treaties concerning the Treaty Ports, Con-
cessions, Extra-Territoriality, and special privileges and immunities.
Lowdon Caledonian Pusse Ltd., 74 Swinton Street, Gray's Inn Road, W.C. 1.—W10275
‹ CHINA'S CASE
BY
LO WEN KAN
(Ex-President of the Supreme Court of Peking)
V. K. TING
(Honorary Director of the Geological Survey)
HU SHIH
(Professor of Philosophy, National University of Peking)
K. L. YEN
(Professor of Physics, National University of Peking)
Published by
THE UNION OF CHINESE ASSOCIATIONS (IN GREAT BRITAIN)
515
會合聯表代界各人華英旅
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