The economic and last phase of the plan, is almost entirely one of the number of stations. China proposes to have, altogether, no less than three radio stations, two of the capacity of one already in existence and one of much greater power than either of them. It is thought here that these stations will not be able to operate on a paying basis and because of this it will be impossible to raise the loan, For the present Jafan will insist on the advisability of persuading China to be provisionally content with the Chihehiao station alone.
Text read from the printed page and cleaned; old type leaves the occasional error.