Both railway have been setting aside money and paying it into, special accounts in order to, meet layed payments in respect of these certificates, the funds coming from a percentage on the daily earnings of the lines.
7 earnings, and this has now been in-_ creased to twenty per cent. When the next cheque is paid in, in the next day or so, the Hangelow line will be all clear up to June, 1932.
The Shanghai-Nanking Railw by paying $128830,, as met obligations under the heading of net profit certificates up to the end. of 1929. Further amounts due, in round figures, are $240,000 for 1930 and $293,000' for 1931, there being, no profits in 1932, it is understood, owing to the Sine-Japanese hostili: ties.
At present some $50,000 a month is being paid into the special ac-
Text read from the printed page and cleaned; old type leaves the occasional error.