Today, far from protecting the rolling stock which belonged to them, they learned' of the arrival train ferry: which would shortly. ening rolling stock between. the [Nanking spur and the Pukow Railaimppied, whether they oath eve whether they reach one million er "fifteen. million dollars The earmarking of revenues in a special trast account with the Hong: kong Bank is a very necessary and urgent measure, in view of these repeated defaults, and to my mind the best way to overcome the non
obligations when due.
Payment of, coupons, and' other 'We alf know that the Nanking-'Shanghai Railway does earn' good money, but as things are at present we derive no benefit. We must, therefore, concentrate our efforts it) getting the Chinese Government to adopt these suggested reforms, Iwhich have been rendered urgently. necesaay by repeated defaults, clu Jnot so much to. poor earnings," anc low silver, but largely brought about by the Chinese Government itself in misapplying revenues, and forcing the railway to carry military transport, unpaid, except by worthless
Text read from the printed page and cleaned; old type leaves the occasional error.