Balance Still on Wrong Side but a Better Outlook London, Jan. 29.
The Pekin Syndicate report for the year ending June 30, 1920, shows that receipts, comprising—interest on Chinese bonds and sundry investments, totalled £37,977 and expenditure, together with the previous debit balance, totalled £52,770 leaving a debit balance of £14,793.
The development of the Lifeng evea has been exceptionally satisfactory. Having regard to the higher average on the yield of Lifeng coal and cheaper producing costs, as compared with the Jameisen pits, it has been decided to suspend, for the present, operations in the Jameisen pit, the effect of which will be a considerable reduction in expenditure, immediately the suspension is complete.—Renter.
Text read from the printed page and cleaned; old type leaves the occasional error.