The report of the views expressed to the British and Chinese Corpora... tion by the Committee of bond: feed [holders "of the Nanking-Shangh Railway made interesting reading. The Committee pointed out to Mr. B.'T. B. Boothby, the chief representative of the Corporation, that the Ministry of Railways could with advantage be apprised of certain points regarding the railway|has question. First of all there was that unconditional guarantee of the Chinese Governrent. significance, since " principal interest, of the bonds and nett profit ertifeates were in default. The} issue of regular statistics and accounts, the earmarking of funds (and their deposit regularly with the Hongkong acd Shanghai Banking Corporation) for the service of the loans, the staffing of the railway, too frequent changes in the managing directorship, the intrusion of polities into technical appointments, non-payment by the Government of dues for military transportation and other questions were duly brought, to notice. The Chinese Government. lately issued a. statement to the effect that new roles were being
Text read from the printed page and cleaned; old type leaves the occasional error.