The new issue of five stamps for the air mail which commenced service on July 8 between Shanghai and Nanking had for the first three days a phenomenal and successful sale, probably due more to the fact of a special post-mark cancellation being used for the first three days, in the novel design of an aeroplane propeller. The postal clerks were exceedingly busy;* over $10,000 worth were probably sold and cancelled without going through the normal mail. Stamps with this cancellation will be rare, Disappointment, however, was evident in the ' philatelic ' world, because the postal authorities used the same old design of an acroplane in motion over the Great Wall of China. One of the seven wonders of the world, nevertheless China "has even more attractive scenes to show. The postal thorities are extremely shy with any new designs, always following with the same shades and colours as in previous issues. This par ticular design had already been ismed at Peking daring 1924, but there is a striking difference in the act as paying agents.
Herewith are given the main me (including the number times the principal and interest have been paid, and the amounts 80 paid) of the various issues, for which the sinking funds are in the custody of the Board. The amounts of receipts and disbursements in connection with these issues are likewise tabulated-for public infor motion, Sowsary or Reczirrs axp Disnonsratexts or Siscixe Foxos Exrnusren "oe Tae BOARD UP ro Juxx 3, 1020, Balance Second Issue, Rhanghai Cas. Surtex Troon ry Notes s ses Firat and. Second" Tsaucn, Rolled Tobaevo Tox Treasury Notes '$29,808,000.00 $27,108,000.00 2,200,000.00 awe 7,988,48443—6,788,000.00 880,484.43
Currency Bonds (1028)...
100,000.00 Soventeonth Year Long-term Currency Bonds (1928).
'Year' Famine 562,600.00 562,600.00 vee Loan (1828) "900,000.00 Sons Troop Touiment Lows (1028)...
2,290,000.00 300,000.00 400,00.00
"Freesury Notes (1080)"", 900,000.00 900,000.00
First Iaeue Second Tesue rudder of the plane, with the Chinese national emblem of che sun in a small circle with 12 triangular points depicting the cycle of the seasons, of the year. The Peking issue had only two white hi The stamp is of an abnormally large oblong size, with the centre in black and the frame in different colours in the denominations 45, 30, 45, 60, and 90 cents. The Paper is white and well gummed.
Text read from the printed page and cleaned; old type leaves the occasional error.