The uew bund here is being pushed forward apace. The local pipers, spociily the "Canton "have boon of that the work company. It is affirmed thit the provincial treasury is empty, that the mandarins do not understand business, that already they are asking s" high @ price for the reclaimed land, that merchants content, themselves with going to look and turning away. On the other hand it is said that if a business firm took hold of the matter, they would give $2,000000 to the local officials, as as sla'iuin for the loxs of face which would be inevitable were the affair handed over to the people to be carried through. It is obvious therefore that the. under-king is assumed to he a satisfactory enterprise, inasmuch as go large a sum cat be paid out of the prospective profits, which would accrue to the company, "fter the work is finished and the plots sell, Meanwhile, whilst th" papers are discussing this pos ible contingency, the work has already been taken in hand. Ca two sections, considerable progress has already been made. The part near the lauding stage of the Canton-Hankow railway hag already been filled in, and the sea wall
Text read from the printed page and cleaned; old type leaves the occasional error.