'Tne enterprise marks a new and radical departure from previous rail way construction in China. In the first place, the railway will be operated as an entirely private company, with integral freedom of action,' but, at the same time, with Government assistance as and whea required. It is also understood that, when market conditions allow, the Government holdings may be sold to private investors, For the first time many years, foreign assistance in oilway construction will include a. substantial amount of cash, as well as the supply of materials for a long, term of years.
'The construction, operation, and management of the railway, and the purchase of Supplies, will be under Chinese control, but' the loan agreement provides for two French experts to furnish technical assistance. The China Development Finance Corporation has been appointed by the French Syndicate as the sole trustee for the loan,
Text read from the printed page and cleaned; old type leaves the occasional error.