The scheme is for the overseas Chinese, the emigrants abroad, to! finance the railway. The prospectus says; in part:
The total amount of the loan on this railway was originally Frs. 250,000,000, but it was subse altered' to' 10,000,000. instalment istled "was £4,000,000. As. China was then turmoil, it fs not quite el how the money was spent, The war in Europe soon broke out, making subsequent issue impossible. After great trouble, the officials concerned managed to raise] fsuicient funds to start works and it was only on Janumry 1, 1917,) thatthe Knifeng-Hsuchow section in. the east, and" the Loyang Kuanyintang section in the west were built; and traffic on these sections was begun, being regarde as business during the construction.
Later, was extended eastward to the Grand Canal and westward to Shenchow, traffic on which was opened - as' soon as possible. The Length of the line in operation is 076 kilometres; but the amount of indebtedness, calculated January 1, 1924, has reached
Text read from the printed page and cleaned; old type leaves the occasional error.