Navigation Department of the Min-try of Communications, stated today that further steps are being taken for the nullification of the four alleged loan agreements with the China Realty' Ca, He also pointed out.that business methods will be introduced in the Jadministration of, the company and that efforts will be made to increase efficiency. He said that the government will continue to give financial support to the company, all funds advanced to be used only' for business purposes.
'Ax n result of meetings of the board of directors of the China Mer-[chants' S. N. Ca, it has been decided to form immediately mittee for the readjustment pecial com:
tion f the liabilities of the riy. The proposed committee, is further understood, will be composed of the followin Messrs, Yeh Chu-tang, Chanz Shou jung, Chien Yung-min, and 1 Ming (members of the Board), Wang Yulin, x Chinese attorné and two chartered accountant Kuo Min, This startling admission confirmed at the recent meetin ft the offices of the Greater Shanghat Municipality. A
Text read from the printed page and cleaned; old type leaves the occasional error.