To the Editor of the "Nonri-Cinwa Dany News.
Sit-—We are instructed by the Administration Department of the China Merchants Steam Navigation Company to inform you that the statements appearing in your wwe of yesterday's date under the 'Ching Merchants' Wharves Impending Sale under Foreclosure of Mortgage:
-Y.K. said to be buying' have no foundation in fact, and to request you to give the' fullest publicity to this denial, We are, et ELuis & Hays, Solicitors of The China Merchants N, Ca. Shanghai, April 13, 1028, ***But what do the Company den; That there were rumours of a approaching sale early this year? That there have again been rumours of a very circumstantial nature of approaching purchase by the N.Y.K. within the last few" days? Or that the mortgages have a right to foreclose if interest on the mortgage is not paid?
For these were the statements in our article. And, although the Na. tionalist Government may have blocked the sale, there is no question but that, as we said, reports of its imminence were eurrent—Ed.
Text read from the printed page and cleaned; old type leaves the occasional error.