To the Editor of the "Nonri-Cixa Dasty News"
Sin—As a potential investor I have read with much interest the Pro pectus issued by Metal Industries of China, Ltd. The results of the working. of China Ship-Breskers Ltd. during the period from 1933 (o 1936 have been highly satisfactory and the management is to be con-
The Prospectus is however silent fon one very essential point, namely the prospects for future business with the much increased capital it is now sought to provide.
There is a world-wide demand for scrap iron and with all the Great Powers competing in the colossal armament struggle now in full swing the prices of derelict vessels and scrap of all kinds are reaching pro hibitive heights and it stands to reason that measures will be, if they have not already been, taken by the countries interested to protect their own sources of supply.
The question therefore arises as to wheter Metal Interests of China, Lid, can look forward to such vol time of business as has hitherto been enjoyed by the vending Company and such as will justify the large increase of capital required to float it.
Perhaps the furnish some Promotors could information on the above points generally. and future prospects Shanghai, March 24 has not been enough rain." But there has been rain enough for the wheat.
It some of those influential officials only had to take this journey that T am taking now, something would be done.
Harnie R. MacCusoy.
On the Ko River between "Ho Liu and Hwaiyuen March 26.
Text read from the printed page and cleaned; old type leaves the occasional error.