Mar. 6.
Cuarterine or Exeuy Snips.
Certain military officers have formed the Vu Fung S. N. Ca. for the purpose of chartering and running 11 German and Austrian vessels that have been confiscated by the Chinese Government. As early as November last, negotiations were commenced between the company and the Ministry of Marine and the Ministry of Communications. It is now understood that the terms of the charter are as good as arranged between the parties, and an agreement will shortly be signed. The droit copy of the agreement contains the following particulars, among others The Vu Fung Ca. shall deposit $2,000,000 as security, on which 4 per cent. per annum shall be paid as interest. The charter price shall be cheaper by one-third than the market price, prevailing at the time this agreement is, signed, The charter shall be in force for three years, but the company may enjoy priority to continue it after the term is expired.
The list of steamers chartered
Text read from the printed page and cleaned; old type leaves the occasional error.