Corporation is now taking shape and a committee, consisting of leading local merchants and officials, has} been elected to make the necessary preparations. This corporation will have a capital of $200,000, two thirds of which will be used for the purchase of six aeroplanes and three extra engines. The remainder will be utilized for the erection of acrodromes in Shanghai, Nanking, Wuhan and eight other places, and as reserve. One half of the capital will be paid up and it is expected that, as Soon as this money is collected, the first aeroplanes will be purchased and that business will begin three months after their arrival. The company proposes first to establish a line to Hankow and branch lines between places in Kiangsu and Che-Should the venture prove successful, more lines will be opened. is chairman, already has begun to operate and offices are soon to be established in Canton, Nanking and Kaifeng.
Text read from the printed page and cleaned; old type leaves the occasional error.