The committee of 11 (including Mr. Chu Pao-san, former Chairman of the Chinese General Chamber of Commerce; Mr. Fang Shao-pah, Vice-Chairman of the Chamber of Commerce; Mr. Chun Bing-him, chairman of the Cantonese Merchants' Association; Mr. Lo King-gee, compradore of Messrs. Reiss & Ca.; and Mr. P. C. Sheng, of the Sheng Kung-pao family) elected by the Association of Shareholders of the China Merchants S. N. Ca to conduct an examination into the management and_affairs, as well as the accounts, of the company appears to be carrying out its duties in real earnest The sittings of the committee began on January 7 and the recent charges of corruption brought against certain persons connected with the company have been gone into. It is understood in this con nexion that the charges brought by the former Minister of Communications against Mr. Fu_ Siao-en, chairman of the Board of Directors, have not been substantiated according to the opinion of the majority of members and a statement te this effect. will be issued in a day or two.
The affairs of the company for the past 40 years will later be investigated after which examination the committee will submit its report to the shareholders.
Text read from the printed page and cleaned; old type leaves the occasional error.