The information in the Report of the Board of Trustees for the Administration of the Indemnity Funds remitted by the British Government for the period of six months ended June 30, 1936, is necessarily an epitome of an siroccly told tale. The Board keeps the public informed of its activities by periodical communi ques issued after each meeting. Yet itis useful to have the document in the formal character of a neatly printed report as it affords a useful guide {0 operations which are dit actly promoting educational and crile tural work in China, The Board happily records that there has been no arrears in the payment of the interest on the various loans and in the period with which It deals about {$3,386,000 had been received for distribution. "It contains full particulars of the loan for open line operation of the Canton-Hankow Railways, the sun involved being £260,000, Among the loans under consideration were one for nearly $400,000 for the completion of the National Machine Works, another for £80,000 for the development of the Kou Ya Tung coal mine, another for $800,000 for flood prevention in Kwangtung.
Text read from the printed page and cleaned; old type leaves the occasional error.