Hangchow, Dec. 1.
Current reports that the' Cheklang-Kiangsi Railway is contemplating, Issuing bonds to the amount of $20,- (000,000 for the amortization of its old' debts has been confirmed by the responsible authorities here, The proposal will be formally submitted by Mr. Chen Yuan-fan, Finances Commissioner for Chekiang and a member of the Executive Board of the Raflway, to a meeting of the board on December 8.
Construction work on the Nanchang-Pinghsiang extension of the Chekiang-Kiangsi Railway is proceed-Ing apace and is expected to be completed within 1937—Central News.
Funds for Tracks Shanghai, Dec. 1.
An agreement has been reached between the Chekiang-Kiangsi Railway Administration and local banking clrles for a loan amounting to $2,800,000 for re-laying the track on the Hang-
Spectacular Rise in
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