In accordance with instructions from the Minister of Communic ions, Mx. Wang Pah-chun, the tration and property of the China Merchants' SRI, Ca. were [taken over on Wednesday afiernonn by Me. Chao Tieh-chico. This action has been taken in accordance with the general programme of reform recently decided upon by the Minister of Communications in his capacity as official superviser of the company.
number of changes have been made, which include the abolition of two managing-directorships, and the following tot its, Mr, Wang Hao; Department. of: Shipping; Mr. Yang Ying; Department: of Business, Mr. Shen Chung-yi; Department of Accounts, Mr. Chang Vu-tz; Department of Godowns, Mr. Hong Yenping; Department of Mortgages, Mr. Wong Wen-clang; Inspector-General; Mr. YuFeng-chac. The members of the clerical]. shipping, and godown stati will! contin as before.
Text read from the printed page and cleaned; old type leaves the occasional error.