London, May 5.
Mincing Lane is disposed to criticize the manner in which the reduction of the tea duty has been effected.
It is pointed out that the result is to reduce the preference on Empire tea from 2d. to 14 pence. This is reflected in a stronger market at this week's auctions of Java teas.—Reuter.
The following is the traffic return of the Shanghai Tramways (Foreign Settlement) for the week ended May 10, 1922, with figures for the corresponding week last year 1922. 1921. Gross receipts $71,628.14 $51,197.33 Lose by currency depreciation 27,454.02 16,081.54
Effective receipts $44,174.12 $35,115.77
Percentage of loss by currency depreciation Car miles run Passengers carried 40.09 33.08 112,114 99,102 2,507,010 2,280,586
Text read from the printed page and cleaned; old type leaves the occasional error.