Interesting Unconfirmed Report of Agreement with Nanking The "Shunpao" has __publishe ed a telegram from Nanking. concerning a contract which is alleged to have been entered into between the Ministry of Communications and the Lufthansa Gesellschaft, a German firm, regarding the proposed Asia-Europe Air Service, The full text is not published but the following are ssid to be the main articles:—1
The proposed Asia-Europe Air Service shall be conducted by a Sino-German corporation and shall not be subject to the control of third parties: The air routes shall not be limite ed to Chinese territory:
The capital shall be $3,000,000, of, which two-thirds shall" be subscribed by the Chinese and the Yemaining one-third by Germans:
The Lufthansa Gesellschaft shall deposit $900,000 with a bank agreed upon by both parties and paying interest at the rate of seven er cent, per ann uni:
This contract shall rennin in force for a period of five years:
'A board of directors, a supervise sory committee and a shareholders? committee shall be created, and on all of these the Chinese shall have two-thirds majority: The chairman of the board of directors and the general manager of the service shall be Chinese:
That the Chinese text of the agreement shall be followed:
'AIL books shall be kept in Chinese:
The head office of the Service shall be established in Shanghai and head stations shall be establish ed in Shanghai and Berlin:
The air route of the Service shall cover Tientsin, Peking, places along the Trans-Siberian Railway, and other European cities: and The contract shall become effec tive after it has been approved by the Chinese Government, and the shareholders of the Lufthan Gesellschaft. 1 The German Consulate-General inform us that no oficial informa tion is available locally regarding this agreement,
Text read from the printed page and cleaned; old type leaves the occasional error.