China Merchants' 8, N. Ca, is fat present, in the nature of private ownership under Government opi tion necessitated because of ily imply that the Government has the intention to confiscate the Company. It simply rectifies the past tiismanagement of the Com: pany with the hope that inthe near future it will be turned back to its stockholders. "On this queytion, Mr. Chao has time and again made recommendations to the Government proposing first, to guarantee the payment of dividends t> stockholders; second, to convene the stockholders' meeting enabling them to elect representatives who wil ave duc representation in Com-
Pany's management; and finally when time is opportune, the Government should turn back the management to stockholders. In short, ever since Mr. Chao's assumption to office as General Manager of the Company, he has untiringly introduced reforms the management and, at the same ime, looks after the interests of the stockholders. He always expresses willingness to consider recommendations and is at all time: randy to seck the opinions of the stockholders as well as the public as to the best means in reorganizing the Company and placing it on sound and unshakeable foundations.
Text read from the printed page and cleaned; old type leaves the occasional error.