The Archive · 1933

Changes in Directorship

Another matter for concern was the constant changes in the mana ing directorship of the railway. Jest Ave changes had taken' place Ju the Inst five. years in this ofo. This constant changing, it was an: mitted, must have harmifal effect on any continuity of policy in the con ante "et thay gle apart from the discipline of the sta The appointment of the chiot executive of the Railway should be entirely ivoreed from political con: Hderstions. The most able man for the position should. ye sought and having. been appointed "he. should hold tice fora term of years, was urged.

sum payable for military transport certained that the total ition during, the three years. 1929. 1901" amounted to about one and

tush payments had been made thvge quarter milieu doles and' no the" 'Chinese Government on thit Secount uptodate, the. amount Selng merely "a." book credit Figuies sor the total amount owing tothe railway for, military. range Pertation were not available, ut ust necessarily 'Tun Into' very lunge figures.

With "regard to the new train ferry which would soon be running between Nanking and Pukow, it wae Pointed" out, to. Mr, Boothby that, trustees for the bondholders, the Corporation might be held. respon-UNIE for any loss of rolling. stock. Shichlanigt cess in the event of Yehicles. failing to" return from ther railway' after rossing. the Jerry, t being specifically laid down Ju' the Join agreement. that the property, (vit, land, buildings and Tolltog tock), is mortgaged to. the Bondholders The: committes were assured that everything possible would. be one to. eafeguar the interests of the bona and' nett prose certteate holders ant it was hoped that after the. return of the Finance Minister from Lenten the question of rail. say obligations would be taken up in" earnest by the Ministry of Finance.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account