Municigat Councit Not Considering Purchase of Concern It has been Tearned from high authori that the situation at ing in the proposed sale of the Shanghai Mutual Telephone Company is in no way changed since the last meeting of the Advisory Committee, This committee is at present inquiring into the tech cal side of the offers for the purchase of the company and the abilities of the bidders to carry these offers out.
There then remains the financial side on which disct et started and it is believed that alone will take several sittings which will delay the findings of the Committee for perhaps a month, Meanwhile a prominent. member of the Shanghai Munteipal Couneit emphatically denied to a porter of the "North-China Daily. News" the story that the Councit was considering the purehasd of the Telephone Go. Shas He said that. such a proposition "had never been brought before the Council "nor has the Council con sidered the matter in any manner, shape or form. T cannot understand how such a story could have got abroad."
The speaker stated that the Council had no policy as regards ths Telephone Ca. and his personal opinion was that the company cond function much more beneficially to the ratepayers as a private company, than if maintained by tha municipality, An official of the Telephone Ci confirmed this view and said the next step in the situation would come with the completion of the report of the Advisory Committee Which could be expected in several weeks.
Text read from the printed page and cleaned; old type leaves the occasional error.