6th Janwacp.
Ir will be learnt with general satisfaction that an' authentic telegram was received here yesterday from the American-China Development Company in New York, stating that the control' of the stock of the Canton-Hankow Railway is again in American hands, the Belgian interests having been bought out. All English and Americin residents ab any rate in China will be glad to hear this, the sie to the Belgians having been a blow to our interests in China, and having had a marked effect. particularly on American prestige. The recovery of the control was very markedly assisted by the embargo put on the bonds by the Chinese, who regarded the transfer of the concession to Belgian hands as a breach of faith, and by the sympathetic action of the D.- partment of State at Washington, Arrangements. have been made to procure all the capital necessary complete the line, and to keep the control permanently in American hands, whatever may happen. Thus we have a very satisfactory solution of the difficulties which have lately impeded the operations of the American-China Development Com-riy, and we may expect to see the construction of the important trunk line from Canton to Hankow procoeded with rapidly and ener.etically. We trust, too, that it will not be many months before work is begun on the English or Anglo-Chinese railway between Kowloon and Cun-ton,
Text read from the printed page and cleaned; old type leaves the occasional error.