publishing the regulations under which the Special Administra. tive District No. 3, Hankow, the ex-British Concession, declines to accept, except in special circumstances, anything but silver or its. equivalent in payment of municipal dues is one regulation, No. 8, which. may be of more than passing inter-jest to debenture holders. This regulation reads:—"After meeting immediate needs in silver for purchase, etc., the balance of silver must be set aside as first assets for the next payment of debenture interest." (SA.D, No, 3 only).
If there is any balance, therefore, it does look as though the authorities intended to' pay debenture interest.
full at December 31. But holders, should not be too optimistic, for: with this public announcement Jappears a statement to the effect that as two of the Chinese councillors are too busy to attend to municipal Mr. Eugene Chen has appointed we others The question immediately arises, will there be continuity of policy ax' concerns. the above-mentioned, regulation, or will things be allowed to drift as: they apparently have done since the area was taken over from the foreign council?
Text read from the printed page and cleaned; old type leaves the occasional error.