From 1923 on, calculated an secumulative basis, Great tain's Boxer Indemnity Funds, as collected and kept by the China Maritime Customs, should now amount to something like $20,000,- 000, Though this amount is far from enough, yet it will do for the first payment.
'2.—These Indemnity Funds wil when completely paid, amount to oughly. $10,000,000. " Subtracting the above $20,000,000, $80,000,000 still remains, With this in reserve, the Gayernment should issue pablic bonds amounting to, say, $50,000, (000. "This will enable construction work to go on without interruption.
3.—These bonds should at first be sold at a discount of 10 per cent. Sales. should not be restricted. to Chinese. The money, will be paid back within 10 years: 'A certain amount will be paid back twice a year, the exact amount to bbe decided Tater. The persons to receive such dividend will be decid-fed by drawing lots should be drawn from the Ministry of Finance, the Ministry of Communication, and other Governmental departments. "A strict record should be kept, so as to spire confidence.
6 route should sections. This will hasten the time of completion, which should not exceed two years. Chinese engineers should be employed wherever possible, to hold two such personalities as (General Feng Vu-hsiong and General Chiang Kai-shek permanently.
Text read from the printed page and cleaned; old type leaves the occasional error.