Prospectus of the China General Omnibus Ca.: A Call for Tls. 500,000: the Proposed Routes All doubts that may have remained. in the minds of any one as to whether the motor bus company wags'a serious proposition wilh have been set at rest by the issue of the prospectus, for they will see that it is backed: by some of the most substantial financiers in the Settlement, The general managers are Messrs. Arnhold & Ca., who fo years have managed with outstand ing success many big concerns of varied natures, The directorate consists of Messrs. H. E. Arnhold, Chun Bing-him, H. Hanbury, R. McBain, G. Lis Potts and Capt. R. E, Sassoon; the bankers are the Hongkong & Shanghai Banking Corporation; the solicitors, Messrs. White-Cooper, Master & Harris; and the auditors, Messrs. Lowe, Bingham & Matthews.
Although the new company doubtless will appeal to very many as a good financial investment, the greater number of the general public probably will be far more interested in knowing after what manner it proposes to operate and the prospectus goes into this in considerable detail. Reference is made to the Municipal Council's favourable consideration of Mr. J. 'A. Fredericks' scheme to run a fleet of motor char-a-bancs, upon which the new company (which is to be known as the China General Ommibus Ca., Ld.) acquired all rights. from Mr. Fredericks and themselves obtained from the Council approval for the operation of a motor bus service om 10 routes in the International Settlement.
The company proposes at the outset to purchase a fleet of 30 motor omnibuses, of the best and most modern type procurable. _Their technical representative will at once visit England and America with this object and he will at the same time engage the services of an expert traffic superintendent and a maintenance superintendent. The company does not anticipate that 1st amd 2nd class coaches will be utilized by the poorer class of Chinese, as the fares will not be as low as those obtainable for other means of transport. The company relies for its success upon the foreign and Chinese members of the public who wish to trave] a comfortably and rapidly as possible without being overcrowded, duz regard being paid to safety and to the rights of other users of the roads. It is the intention, to provide the public with rapid, smooth, regular and comfortable transport at a moderate cost, and it will be the aim to prevent overcrowding and to provide every passenger with a seat. Operations will be! commenced on four routes and a regular six minute service will provided thereon, The four routes at present contemplated by the directors are Route 1, Route 9, Route 3, and Route 6.
Text read from the printed page and cleaned; old type leaves the occasional error.