A school for the children of foreigners has long been needed in the Yangtze Tt has come to pass that the China Inland Mission have been spp oached in regard to their school-building at Kuling. They have made most liberal repositions as (o terms, which are as To rent the building, including heating apparatus, at the sum of $500 per annum with an additional $115 per annam for taxes, the first lease to continue three years.
Qnd..-To'rent the heavy furniture, ull $1,542, or so much of it at seven per cent per annum with an additional ten per cent per annum for depreciation.
8rd. To sell so much of the other necessary furniture as may be needed, all new, at the invoice price, ith. The building and furniture to be used for a Obristinu school for foreign children.
It will be seen that $615 will be needed annually for rent of building and taxes and an additional $262 for rent of furni-tu Beside this it is estimated that there will be a necessary expenditure of about $1,000 for other furniture before the school can be opened. This does not include salaries of teachers, nor provide for phos with which to begin. Of course there ill be money paid in advance for bourd and tuition which may cover the greater part of the incidental expense.
Now in order to get the enterprise on foot it is thought that annual backing of $5,000 in the way of guarantee will be needed. It is pro to ask for subscriptions for 100 shares of $50 per share per annum, as annual quarante for three years. If the whole amount should not be needed each shareholder will be asked for only such proportion of the whole amount as shall be needed. This support is asked on the following conditions Ist. None of the amount pledged will be asked for unless the whole amount shall be subscribed.
Qnd. The subscribers shall elect from their number in such manner as they themselves shall determine, a Board of Directors which shall have entire charge of organising and administering the school.
Text read from the printed page and cleaned; old type leaves the occasional error.