Tt was in June last that a' coupon payment was made to holders of Chinese Hukuang Railway 5 per cent. Bonds. On the German issue the coupon due December, 1926, was and on the English, French, and American issues the coupon due June, 1927, was also met.
Subsequent coupons on Chinese Hakuang Bonds remain, of course, in default together with drawn bonds from June, 1925, as regards the German issue and' from June, 100s, as. regards the "English, French, and Am CantonrKovtloon 5 per cent. bonds remain a disappointment, but think that these bonds also should improve if the 450,000,000 Chinese people settle down to a regime of peace, As a sheer speculation in a low-priced bond T think Lung-Tsing-U-Hai 5 per cent. Railway Bonds of
Text read from the printed page and cleaned; old type leaves the occasional error.