March.
In taking another look at the municipal finances, we begin with a few figures taken from the Municipal Report and Budget for 1881/82 and that for 1891/92, which show the growth of Shanghai in 10 years. We commend them to the attention of the incoming council, who may perhaps find it worth while to ask themselves, whether the municipal expenditure has not increased more than the progress of the settlement warrants. We begin with the number of houses, which is an accurate return, while the estimates of population are not reliable Number of foreign houses in the last a us 1881. quarter of the years 1891. Occupied by foreigue 796 natives Empty
Text read from the printed page and cleaned; old type leaves the occasional error.