ment Nes impocet the China Sterehaute and sate out in detail the wakuppy res That hace ensued.
The China Merchants Limited Liability Steamship Company has been in existence for more than fifty years, It has a capital of Tls. 40,- '000,000-and is the largest privately owned concern of its kind in China, All business concerns have suffered severely from the effects of the Jong continued civil war and the exactions of the militarists but the shipping companies have suffered more than any other. So that even to speck of it makes the heart sore. The Nationalist Governniertt took is vested in the shareholders; (2)
caressed a wish that" the shareholders would not let their authority slip as the Government nurely cupied the position Director and would not interfere i the conduct of business, and (3) that -vhen the shareholders were organized according to law and the board of Directors functioning, the official Directorate would" abrogated and the company be treated ax an ordinary. business hand inthe concerns of this company, first by sending an official to examine our books, and then by sending another as official Director. The idea doubtless was to protect the Nationalist interest in shipping on the on hand, and to care for the interests of the shareholders on the other. There was originally no intention of taking over the business and running it as a government concern or of taking the business permanently out of our control. But the meeting of Directors has been dissolved and the shareholders' meeting indefinitely postponed, Our Dusiness daily decreases and" our Vinbilities increase, so that -bankrupted stares us in the face. We shareholders have been deeply wounded and, weeping blood, have determined to brave death in attempt to set things right rather than be slowly exterminated as though under the saw or shut up in 'a cauldron to be boiled with no menns of escape, We have, therefore, sworn that we will not desist until our aims are achieved and, therefore, ha statement of "trust will receive attention from the wise and good in the government.
Text read from the printed page and cleaned; old type leaves the occasional error.