The Chinese get more mate benefit out of industrial develop-id by knowing how to con-
Concession here, as it ix with exons that the Chinese make most money and at the sume time learn hhow to do it.
Examples of this are that - the' Chinese are the largest Land dealers! in the Settlements, that they are owners of some of the largest shops buch ax Sineere's and Wing On's and others now building, also the Chinese bankers are conducting very successful in greater and the Settlements and we foreigners bene-Ait to a certain extent from there! ties of the Chinese in that, thou they compte with immensely from use of the Settlements, #9 why nol 1 educational in. wining part of the various Boxer indemnities in the' shape of a loan for developing' the land around the Settlements and. clude therein all the land between ie Railway and the Huangpu down and including Woosung and the! Yank of the Yangtze up to the city' of Paoshan—all the land out to the! railway to the west of the Settloments—and a strip of land 2,000 ft. wide all down the right bank, Pootung side, of the Huangpu.
The average value of land per mow within the Settlements may be ut at about Tls. 30,000 whereas the value of land at more than a few hundred yards from the present Settlement limits is not more than. few hundred taels per mow.
And this marked difference is yearly getting more impressive.
This suggestion, if adopted, would give Shanghai room to breathe which it eau hardly do at present, ax the congestion is so great.
'As to the Administration of the extended area, this should be done' by the Shanghai Municipal Council with Chinese representation on the Counc The S. M. C. would be the supervisors of the loan, as the Boxer demnity money could be put into Municipal debentures.
Tue ex-Emperor, Hsuan Tung, has appointed Mr. R. F. Johnstone (his tutor) Supervisor of the Vu Chuan Mountain, a famous hill near the Imperial Gardens in Poking in which is famous for spring waters, with power to improve it 1as he sees fit, says the Chine: e ress.
Text read from the printed page and cleaned; old type leaves the occasional error.