Interview with the Director-General on the Present Conduct of the Company: Economies Effected: Loans Paid Off Ore side of the dispute between party of shareholders in the China Merchants Steam Navigation {o, and the board of' control now operating the company for the Nationalist Government has been given a representative of this paper in an interview with Mr. Chao Te-chiao, Director-General. A view of the opposite side is printed to-day in the correspondence columns.
Mz, Chao was the initiator of an ambitious prog: for reorg ganization and expansion of the company which was laid before the National Communications Confer-government has enough money it will buy the company from the shareholders. From the viewpoint of the late Dr. Sun Yat-sen hi capitalists should be eliminated, so the management are following' his principles.
In answering a charge commonly that there are a number of employees now in the company who pre inefficient, and there only because they are friends of important officials, he admitted that the num-her of employees had increased, but gave the following reasons: fence in Nanking, His programme roused heated opposition from some of the shareholders, a sample of which is given to-day. Questioned Sept, 5 about this opposition, Mr. Chao stated that it was being hacked by big Chinese capitalists who are screening themselves behind the shareholders,
Text read from the printed page and cleaned; old type leaves the occasional error.