Tur change which has been made in the mutual relations of the French Gas Company.and of the Municipality, is unquestionably advantageous for both though the former, perhaps, get the pull. Lhe shareholders e-cape the obligation to sell, at a stated price; property which will be worth very much more than that price; and convert a debt of Tis 8,000, bearing fixed interest, into stod which will take its chance with the rest. The Municipality, on the other hand, get rid of their guarantee that the shareholders shall receive an 8 per cent dividend, and secure for the community they' represent, cheaper gas, at the price of taking up this additional stock.
The French Gas Company was formed in 1864, in consequence chiefly of the miserable delay in completing the works of the Shanghai Gas Company. The French Municipality asked whether
Text read from the printed page and cleaned; old type leaves the occasional error.