To the Editor of the "Noxrt-Ciwa Dany News"
Sun—In your issue of November 30, it stated that the Tientsin-Pukow Railway Administration had paid up over two million dollars of ite obligations. "This was due not only increase in revenue. but also to a decrease in expenditure, Since that is the case, why cannot the Shanghai-Nanking Railway begin pay some of the seven-and-a-half pounds sterling in arrears on each bond? Judging from the crowded trains, anyone would consider the SRI. Railway Bonds a well-paying, investment. But, of course. many Passengers' maybe travelling Passes. It would make interesting reading, if the railway administration would publish 9 semi-annual report, alying the number of passes issued, "As the Chinese Government guatanteed the payments of the interest fon these bonds, why is there no money for this, but enough money to start new railway projects?
Ax EL Boxouoworn. Shanghai. Dee. 1,
Text read from the printed page and cleaned; old type leaves the occasional error.