Tsinglao, Fob. 26.
The Kinochow-Tsinan Railway finds itself at the present moment untenable position, forced ws it in an anomalous" and possibi
to combat the Central Govern: ment to-keep its finances, intact and protect its funds from seizure, A'prominent official, who. wishes to remain ineoynitn,"told Reuter correspondent" to-day that the railroad officials' almost daily. ¥eceive threatening telogeans Peking, insisting. that the shall "tan over a part of ite earnings to the naval squadron stationed hero to the amount of $330,000. month The railroad, which alve tsirned over $100,600, record unofficial reports, to. the fleet
has -stoutly declared,: through itt commanded by' admiral Wen, Trance department, "its intention of presenting the squadron vith 10 further "bequests." The Man-AxingeDirector, "Mr. Lin Kuen, who has spent a large part of bik time in Loyang of Into corferving with Marshal" "Wu-Peisfa, alone to favour the. railvoad's the six war-venscla nnd their commissioned and enlisted Personnel. imovs in their: opposition wit they term. "Gifts to navy." citing the fact that the railroad badly needs. cit its venue and by the nei TH INDEWEDSKSS TO" JAPAN, another cheque is payable. to. Admiral Wen, tpn wil stop tu and demand i nonpayment." Japan, Tooke with strong dist ary aquindoring of railway fonds, inasmuch as Chinn sill owen he? {ihe purchase price of $10,000,000 and has Tess then four yeara remaining to. mala, fall" payment.
"tthe rssload. in expected by Ohina to nay for iteslh there not'tho ghost of a chiveo that ape will roesive payment in full the date the mortgage expires in January 1028. The Tine. tone Boon "Akte to meet only: the ive toreat of six' por cent' and. has not paid penny on th princi jays and means of ineronsing the revenue, so. as to finances big bridge-building "programme are now being, considered. by' the railway. The railroad finds itself lot prosont with a eurchie om hand trifle over $700,000, The coat of 40, now bridges will coed $3,000,000. This will he Spread over three There is an urgent nood of the bridges, as. some of the. present jones are none. too safe and to jong have received only tempo The now bridges Wi construction and. expected to last for a long time.
BYISION OF FRELOUTS, The railroad dees not look with favour on a. gov eral upward. re-Vision of freight tris, but. proposes to put. the burden on the ommoities Nat can, ost stod Coal to the amount of million tons annually is. transported over the line and the rates are abnormally low, the officials believe.
may be compelled to pay a higher coal shipper" accordingly, Tari, this ie tree particularly of the Lax Ta Corporation, a Sino-Fopaneso concern, which' has been benefiting by a low rate in oper ion since. the Japanese admini stration of the railroad, Moro than' 600,009 tons. yearly is shipped by this. company alone and at an approximate charge of $2.40.por ton. 'The officials. pro-: pose raising this rate to about 1.50 per ton, or to a similar charge to that' paid by smaller is item alone wontd give the railroad increased" revenue of about, $1,200,000, arviually.
Besides' its) bridge-building. pro-somme which it, hopes to finance, the railroad: is badly in' need of new rolling equipment, some which has seen more thai score of -yerrs'"service—Renter's Pacific Service.
Text read from the printed page and cleaned; old type leaves the occasional error.