The Council for the International Settlement of Shanghai, recognizing its grave responsibility for the safety of the lives and property of the Chinese and Foreign residents within the area of its administra~ tion, considers that the time has arrived for a public announcement pi Of Its considered views as regards the local situation, (1) The International Settlement. dad of Shanghai' is an area set. aside under agreement between the Chi-Government nnd the Foreign Powers, within which the Municipal Council is vested with full authority as regards all matters necessary for the maintenance of order and good government, Up to the present the Settlement has been a ministered by a Municipal Council composed of nine foreigners. Under this wholly foreign administration Shanghai has developed until it has become the principal port in Eh The vast international trade that has been built up and the enormous capital that has been invested in industrial enterprises have benefited bosh Chinese and foreigners, and are finding employment for hundreds of thousands of Chin
Text read from the printed page and cleaned; old type leaves the occasional error.