tories and the destruction of farms The depression among the fac-in the wake, of war have deprived the farmers' means of livelihood, Unless urgent farm relief measures jate devised, a complete breakdown jof the rural economy around Shanghai will result, the Social Bureau points out, Before the introduction of any improvement "into the present aystem of farming, the Bureau recommends the provision of a com Hfortable living for the farmers as of Primary The farmers enough money to before they can petite down re-cultivate their lan An investigation should theretos bbe conducted into the present con-Jditions of the farms, and a census be taken of the population in the fields. Ban) institutions will have' to be established by. the Jauthorities to extend adequate loans Jat low interest. The Bureau also. urges that measures for the inflation of prices of agricultural products be devised by the Government.
In conclusion, the Bureau states. that only after'the situation in the farms is normal and the farmers on their feet; all the improve: ment measures can de effectively introduced into the present system lof farming, The measures have been submittled to the authorities for approval Tt is reported funds are being Tai Jed to carry out these measures.
Steps which are being taken by the Nanking-Shanghai and. Shanghai-Hangchow-Ningpo sation were announced ina statement. issued yesterday Huang Po-tsien for of the railways. The statement. follow:
Recently there has been a great Jdeal of discussion in. the press about the loan service of the Nanking-/Shanghai Railway and the Shanghai Hangchow-Ningpo Railway, especi-Jolly of the former. The Railway Administration itself has been. very silent in the matter but has part of its obli Jed by the part tioned below.
'As is quite well known to the public, the N.S.R. has a great number of obligations to meet, namely, ithe Net Profits for the years 1920, 1930 and 1931, the cost of new'
iting stock, purchased through the ish and Chinese Corporation, ithe instalments of amortization of Loan for 1930, 1931, 1932 and 1938, land the interest payments for the last, three half-years, Of these the readers may recall that one instalment of the cost of new rolling stock, i.e, £9,000, was paid in last March, and the oldest item of obligation in arrear is the; balance jof Net Profits for 1920 amounting to. $398,899.20. The Railway Administration has been taking serious steps to reduce its obligations and thus far accumulated a sum of '$270,000 for the purpose. In view lof the fact that the 1920 Net Profits have been outstanding longest, it has now decided to use the whole Jaccumulated amount for partial payment of this obligation, leaving fa further sum of $128,839.20 to be [cleared in: two months or £0, 'The condition of the SHLNR, is better. than the N.S.R, But as the result of the hostilities in Shanghai ast, year, it has not been able to meet' the' payments of the instalments of amortization of Loan since May 1982, the amount of each in= stalment being £37,500, "As report= Jed before, this railway has been setting aside iting "side 20 per dent. of clearing. off its "loan doligatione, The: funda reserve. com
in, its working cash on hand.
equal amount Therefore, to uphold its credit, the Railway 'Administration has' mitted "a sum, of $400,000 to, the Hongkong and Shanghai Bankin [Corporation for payment of £25,001 first of the instalment of amortileaving' the outstanding. in-liquidated" when lable. a world of difference Fruit is infinitely mo wre enjoyable with the addition of Cream and. Nestlé's Thick Cream is always ready to serve.
Text read from the printed page and cleaned; old type leaves the occasional error.