The Shanghai Power Company official interviewed emphatically stated that the company had heard nothing before yesterday as to the proposed measure. He pointed cut that the capital of the new Japanese concern, as published in the "Industrial Daily News" was not nearly sufficient to cover the purchase of the Shanghai Power Company, whose debenture issue alone amounted to $88,000,000. The Japanese company would need well over twice its proposed capital simply to purchase the Shanghai Power Company, the ofi cial added. "If the Japanese were thinking of taking over the Shanghai Power Company," the official concluded, "we would certainly have heard of their plans well before this, but we only received the report concerning the company to-day."
Other authoritative circles in Shanghai characterized the allusion to the Shanghai Power Company as an error in translation, pointing out that what was probably meant was that the new Japanese company would take over Chinese power companies operating in and around Shanghai. It was learned that the taking over of the Chapei Power Company by the Japanese concern would not appreciably affect the operations of the Shanghai Power Company. The latter in normal times used to supply the Chapel company with a small quantity of electricity at a very low rate, but otherwise the working of the two companies was on an entirely separate basis. The Chapei Power Company was severely damaged during the hostilities, and ceased Operation several months ago.
Text read from the printed page and cleaned; old type leaves the occasional error.