"tu the Bassett case, as in all the Joiner cases, save one, mentioned in the information, Mr. Bassett gave the Finance Corporation his cheque, which the Finance Corporation deposited in own account with the A.CB.C. fand, so far as the Finance Corporation is concerned, that is the end of that (ansaction. The evidence will show that Mr. Bassett had every reason' to expect that cheque would be taken and used to pay for certain shares he had bought, but it was ever used for that purpose—in cther words, nothing whatsoever took place after "the that commenced early In the year 1990. The Government wilt be able to show beyond all doubt that first defendant was fully cognisant of everything that went on of any importance in connection with the cor~ oration from the day. it was or-Hanized until the day it closed its doors. Beginning with the spring, of 1930, until the end of its career, the corporation solicited business. from the Shanghai community chiefly, and, in the course of that dealing win the was used by them for their own purposes. On the books of the AOF.C., appears that the Corporation has Jonid for all the Bassett shares, and the hag been debited with the cast of the shares, the amount deducted being For a period of several months, more purchases were made Mr. Bassolt, so. that, between December, 1993, and May, 1994, he had placed many orders. The Corporation always notified him of the. trans-factions at the time the transactions were supposed to have occurred, that Mr. Bassett received the monthly reports regularly, and, through doing 20, he has been {old in a dozen differ-fent ways that ho is the owner on May 31, 1094, of certain. fully paid-up shares, and, in that belief, on May Jat he' parts with another "G-s10,000, [which was dealt with in exactly the same way as the other money, He constantly receives notification [from the Finance Corporation that he ition of the East and West Dykes. fs the sole owner of certain shares. Jand that he has a certain balance t0 sale of domestic products (Continued on page 65)
'During the past four years, the following steps in reconstruction stand out _prominently:—year' (1932): Rehabilitation of! devastated areas, '2nd year (1093): Establishment of Civie Centre, rd year (1994; Cultural recon! struction, Mth year (1835): Social reconstruc: tion.
Almost immediately after the cessation of the Shanghai hostilities 1992, steps were taken to give relief to the people of the devastated areas th the form of Joans for. building, seeds for sowing and capital for resumption of business. The tremendous task of rebuilding the destroyed or damaged roads, bridges fand drainage works was next under~ taken, The principal roads of Chapel, including Paoshan Road, Hunghsing Road, Paoshing Road, Pacchang Road, Jukisng Rood, have' been resurfaced and generally re-conditioned and. improved.
Approximately $10,000,000 has been spent in building new roads and. bridges, repairing sea dykes and the construction of public buildings.
The rebuilding of the Municipal Wharf at Nantao now enables steamers of the length of 300 fect and a @raught of 14 feet to berth" with! comparative case.
Text read from the printed page and cleaned; old type leaves the occasional error.