The Chinese in Heungshan, the istrict opposite Macao, have for some time been trying to open a trading mart at Heangchou, in order to attract to the new town mach of the trade of the Portuguese Settlement, and especially that which has to do with the salting and curing of fish. There is apparently jealous determination to remove under Chinese jurisdiction as mach of the trade and industry of Macao as possible. The project has not prospered as ite supporters hoped. More money is needed to develop the place than can be raised by those who are interested in the undertaking, Hence certain financiers have come forward and advocated s Joan with the Japanese Taiwan bank of $600,000, which will, if secured, carry interest at six per cent per annam, The promoters of this scheme have spproached the Viceroy and requested him to sanction the loan, and also to secure the signature of the Jspanese Consal in Canton to the transaction. In retarn, it is atated, that, as guarantee, some six handred feet (Chinese,) of bund, dry foreign built houses and godowns, and a fleet of fishing boat will be mortgaged. Such in brief is the proposal. But it has raised " storm of opposition in certain quarters, especially in the native press, The gist of the opposition is that those who are engineering this scheme are really sell-
Text read from the printed page and cleaned; old type leaves the occasional error.