_An interesting and welcome addition to the vessels plying between Ichang and Chungking, on the upper reaches of the Yangtze is the new Taikoo str. Wanhsien, which has just left for Hankow.
Of late years, the Szechuan trade has developed considerably, and, as stated by a representative of the Company, "the more ships there are the more trade there will be." Szechuan being go large a province with great natural products and enormous possibilities that more shins are needed.
The new steamer is a Yarrow ship, built in Glasgow especially for the Upper Yangtze service. After being put together at Home, she was dismantled and brought to Hongkong, where she was re-assem-bied at the Taikoo Dockyard. She was brought to Shanghai by Captain Mills, arriving here on the 21st instant, and making a speed, under her own power, of fully 16 knots, The Wanhsien is 800 tons gross and 473 tons nett register, fitted with the most up-to-date machinery and built on modern lines. She is equipped with the latest safety steering gear and has twin screws. In view of the fact that there is constant firing on vessels by the soldiers near the Gorges, the vessel has been equipped with bullet proof safety scuttles to protect the bridge and with high speed power engines.
There is plenty of space for both Chinese and foreign passengers as well as the ship's officers., The rooms are large and clean and,.unlike many other vessels on the Upper Yangtze, there is plenty of room for freedom of action.
Every facility has been arranged for the rapid handling of cargo, for which there is space for 800 deadweight tons, winches being -fitted to all the derricks. francs and pocketed the difference, The Bourse quotation of the shares rose to between 450 and 500 francs and then fell to 20 francs. When it was decided to transform the Pacific Maritime & Commercial Ca. into the Pacific Company, fresh funds were raised, it is alleged without the knowledge of the board of directors, who were befooled by fictitious statements and accounts.
M. Gallusser declares that when he quitted control, the Pacific Company owed the Banque Industrielle 93,000,000 francs, but the debt ought to have been diminished by at least half by the realization of floating stocks worth - 40,000,000 francs. He admits that the syndicate of which he and M. Pernotte were members realized a profit of 200 francs per share on 24,000 shares, but the profit went to buy in shares at 600 and 700 francs in order to secure an option for the subscription of. fresh capital.—Reuter's Special Service.
Text read from the printed page and cleaned; old type leaves the occasional error.