The French Municipal Council's six per cent. loan of Tls. 2,000,000, issued at par, has already been fully subscribed.
The manner in which this amount has been taken up is tly interesting. One subscriber asked for and was allotted half the loan, while a second took Tls. 500,000 worth. Thereafter an amount of Tls. 100,000 was set aside for those using the French Municipal Bank, leaving four lakhs for other sub: scribers.
We learn that the early closing of this loan was chiefly due to application from a leading: British bank for a million taels, while a further amount of half a million tacts was taken up by the Foreign Municipal Council. The remainder, another half a million was quickly taken up by the public, It will be encouraging to holders of French Municipal debentures to Team that such confidence is placed in French securities by leading financial interests, and equally cacouraging to the French Bu cipal Council to know that they can float such a loan without recourse to underwriters, Mone offices have been established by the Greater Shanghai Bureau of Social Affairs in Pootung, Chapei and Nantao to grant small loans to the poor, reports the "Sin-wan pao." ment of Mr.
Acting Superint Shanghai Customs is announced by the Ministry of Finance. Mr. Wa was formerly Chief Secretary to the Plangzu Provincial Department of, Finanee—Kuo Mit Saucer Eyes looked the part but! should cut out some of his singing, Alan Hammond who we understand in spite of the programme's asser-ion to the contrary) played So-Tra and Alan Newcomb as Prince So-Sli both acquitted themselves very creditably. There were some tiny little fairies who had much ado to keep up with the strides of their elders, but contrived valiantly to do their bit in spite of the handicap of too short legs. Altogether it was very charming' and prettily was delight-
Text read from the printed page and cleaned; old type leaves the occasional error.