The China Merchants Steam Navigation Co. is endeavouring to get rid of some or its large workshops, which have proved a kind of white olepiiant among them. The affairs of this com pany are evidently in anything but a prosperous state, and some important changes in its con stitution are anticipated. The ships and plant of the company formerly belongo'i to foreigners, and were bought two years ago by Chinese for the purpose of getting all the carrying trado now chiefly in the hands of foreigners under native control. The result of two year's ex perience nhows considerable losses, and the Company will probably be placed under foreign management. CHINA AND RUSSTA.
The Chinese are watching with considerable interest the progress of tho war in Afghanistan, and are anxious that Russia may be drawn in it, in which case China would probably take active measures for the recovery of her districts in Central Asia, which have been seized and are now held by Russia. Thero is no ne-ws of importance from Japan. There is a prospect of a nr>w trouble with Corea in consequence of the latter country imposing a heavy tax on Japanese goods.
