The memorandum then goes the needs of each railway in turn, in detail, and deals further with the, extension of telegraphs telephones and posts. On. the subject of hina's railway loans we quote in conclusion the follow The Minister then dwells on the years of corruption and wastage and of loans ostensibly raised for com munications but frittered away on nobody knows what. After ort adjustments with the Ministry the Ministry of Com:
"will require abo $50,000,000 every year for the ret of capital and interest, an amount dificult to meet owing to unsettled jon of the country."
Lost Rolling-Stock, OF the Joss on property, ro tock and. x0. forth, we got following startling statement>— by of should he left to the said Mi for their liquidation, bh) As to other {elegeaph loans, domestic Foreign, eeeured upon either pris perties oF earning, creditors should he urged to agree to postpone the principal and interes!
payments with the understand that such payments. will be mi after the Lerprises under reorg have been pat on their feet again and in ood order.
"According to the record ce in the 4th year of the Republic our government. railroads possessed 1,140 locomotives, 21 passenger ears and 17,524 free wagons, of which only about halt of the numbers sre now in soot condition and service, the rest hheing cither taken out beyond Shanhalkan or out of order. Due abase and deterioration the ime and labour to put th proper condition again would cost Other details of the memorandum vill be dealt with later.
Text read from the printed page and cleaned; old type leaves the occasional error.