cine News eons, Masacrs ano' Dears Kale ok has been markedly patient vious position, The cancellation of arrears, unsatisfactorily indefinite, and conciliatory. He knows the inherent difficulty of that position, for it ds exposed to the presumptuous Uilatoriness of the weaker party to of interest up to July 1, 1936 is a substantial price for the' sotilement and {t is satisfactory that the Min-whom latitude is being generously given. If Reuter's version of the proposed "terms" is anything Uke cor-Feet, it would seem that dance and not "negotiation is what the Kwangsi intransigents propose. They can, hardly "be congratulated on their sense of realities. ster of Tallways gives assurances that steps will be taken to improve the working of the line generally so that in future the bondholders may have firmer cause for confidence in the concern to which they have lent their money, and better ground for expecting the undertakings in the Joan agreements to be fully observed.
Text read from the printed page and cleaned; old type leaves the occasional error.