Tt appears probable to " section of the Council that, io the fatare, some the present conditions the: expenditure of the Hospital from outside. The Bank overdraft now stands at Tls. 126,500 and the Governors do not feel justified in asking for any substantial increase onder present The proposal which is outlined in the foregoing Resolution is that the Gover-form of ce-operative control will be|nors shal! increase their indebtedness to necessary, either by means of a joint|the Bank to the extent of Tls. 360,000, advisory Medical Board, or otherwise. inclusive of the estimated cost of the In the meanwhile the first essential is new buildings, and that the interest at that the Shanghai General Hospital be|6 per cent.' on this sum shall be placed in a position to meet the Settle- guaranteed by the Council and the ta' hospital requirements, and the] French Council la the proportion of 2 Council is unanimously of opinion that to 1. the present proposals of the Governors] This will involve increasing the precalculated to attain esolt io absent Annual Grant made by the Council satisfactory manner. It is understood 4,000 to approximately Tls. that the French Courcil has already T am directed to ask that intimated readiness to accept liability may be submitted, with the for one-third of the proposed Snancial port, to the Ratepayers for guarantee, and the Council will, by the forthcoming Annual means of the forthcoming Budget,|Meeting, and that to this end the Fecommend to the Ratepayers accep-|Conncil will make provision for this tance of responsibility for " two-thirds incrossed grant io the Budget for 1011 It is decided to include in the} 6,000, I am to state that not more then Tis. is Gazette for record the full text of the Hospital Frost Deed, #0 that the position of the institation may be clear to the public Your obedient servant, Shanghsi Gens al Hospital,
Text read from the printed page and cleaned; old type leaves the occasional error.