Confidence Expressed in Ability of Two Railways to Meet Obligations Confidence in the ability of the 'On the other hand, according to Nanking Shanghai and. the Shani: the report from Traffic Department, the traffic in the last two months ix rect ito" obligations by effecting much better than that in the cor-economies and' through increased responding months of last year, frame' was the keynote of a speech Though not so good as that in the by Mr. Huang Po-tslau, Managing' corresponding, months of the year Director of the two lines, at a din-before last. 'Thus, while savings of her given on 'Sept. 10 at. Mr. about' $500,000 are effected on the Tong's residence, $70 Hart Road, one hand and earnings are improv. In'Wonour of Mr. 8. Fe Mayers ing on the. other, the financial Ghalrmen of the British and Chic ability of these two railways will nese Corporation, Ltd.
Also be recovered little by little.
Others present included Messrs In general, I am glad to say that hung Munyew, B.D. P. Beith, we are making thorough inve-tiza-Tong Paha," Chang Chia, tion and study. into every aspect of issu, B. T. Be Boothoy, our administrative work. our best to introduce improve-Tuxtord, P. YE. ments and to. eradicate what is Whang, 'W. 3. fung'S. Huang, K. Kantlie, A.
Undesirable. In regard to traffic Davidson, Chien' Yung-ming we are trying to canvass it with possible means. The establishment 8.7, Taso.
Of a Passenger and Goods Service Weleoming Mr, Mayers on behalf Office at Bubbling Well Road, of Wimsolf and. Mr. Shao-tseng: Wu, Shanghai and the contemplated the' Associate, Managing Direct establishment of a similar office at its, Huang. Po-tsiau, prefaced with a brief sketch of Mr.
Nanking Jointly with the Tientsin-tareer in China and pro-Pukow Railway will show our atceeded: tempts in this direction. However, Mir, Mayers is already aware of the existing conditions do not come into being overnight and so time the fact that the Sino-Japanese hostilities in Shanghai last year will be taken to accomplish all nee-dealt: a severe blow to these two assary reformations. oilways, the severest one, in the New Sources of Revenue History of the two lines. The loss physical properties suffered Furtherfore, the success of a herefrom has Ween estimated to be Dusiness, notwithstanding multi sRStind "53,600,000; the loss of farleus ways and means of conduct-"800,000. The amount in-ling it, depends chiefly upon the) incurred for pairs, replacements, and lease of Office premises as done at present is also. enormous. The total amount. involved must be not less than $10, 000,000, Indeed, it would not be an easy task to attain early very from such an immense loss, specially at the present juncture of world-wide economic depression, and great decline in our passenger and goods traffic as a consequence of the general depression. If Mr. Mayers will, take a trip along the two Hines, I'am certain he will still See traces of the heavy blow sus tained cly us, and will agree recovery in the near future is impossible, Since I and Dr. Wu wore appointed by the Ministry of Railways And-assumed our duties in this Ad. ministration by the end of last Year, nine months have quickly elapsed. We regret very much that Swe have little to speak of about what we accomplished in the last nine months. Howev under the direction. of the Ministry of Railways and with the ce-operation of the British and Chinese Corporetion, a few things which might be Interesting to. Mr. Mayers have been done,
Text read from the printed page and cleaned; old type leaves the occasional error.