The China Railway Company, which is to construct this line, is entirely disti the Chinese Engineering and Mining Company of Kaiping. Wu Ting-fang, general manager of this Railway Company, and others having by order convened " meeting actors and merchants, at which a set of regulations for the government of the company were satisfactorily drawn up, they were submitted to me by the Chief Directors, Shen, ex-Provincial Treasurer, and Chen, Twotai. I find that the regulation stipulate that the company in the administration of its affairs, is to act strictly in accordance with the rules and principles observed in commercial business, and it devolves upon the official directors of the company to energetically look after its interests, so that the confidence of the people may be secured, and that no irregularities in the conduct of the company's affairs will ever occur. A report from the directors states that it is now proposed to raise a share capital of Tls. 1,000,000, and printed copies of the company's prospectus and regulations have been circulated. It being feared, however, lest those who live at more as well as less remote distances may not know of the proposed scheme, this proclamation is issued to inform all classes, the officials, gentry, merchants, and people, that railways are popular interests in both Easter and astern countries, and those of our merchants who have been abroad have personally witnessed the many advantages to be derived from railways. Moreover, wherever railways exist there business and general trade thrive to a much greater extent, and the wealthier classes in Western countries all buy and hold railway shares and th them to their posterity as legacic in her endeavours to imitate Western countries, shall do everything economically and honestly, so that all the' net profits shall be equitably divided among the shareholders, in conformity with established regulations, and not the slightest irregularity shall be tolerated. This being an important measure affecting the welfare. of the people officials must exert themselves to protect railway interests in order to establish them firmly, while its affairs and measures shall in accordance with the usages: of the Western Joint Stock Companies, be decided by the Board of Directors selected by the shareholders. in_ general meeting, the officials not interfering with their authority, but only guarding against malpractices. Intending subscribers to the shares should not hesitate or delay, lest they lose their opportunity. A most important and special procla
Text read from the printed page and cleaned; old type leaves the occasional error.