To the Editor of thi "Nonta-Cauna Datny News!
Sin—The report in your issue of September 21 of the' proceedings with regard to the appointment of n) Receiver for the United Theatres, the Lonn Agreement" the British and Chinese Corpora. tion appears to have consented to the Board of Commissioners—of which two are to be Chinese and three British—being deprived of any effective powers of control and management, their duties now being to meet to receive, consider and pass the annual report and accounts of the railway. The Board of Com-
Contains a statement by Counsel to the effect that I was an official of certain concern which agreed to underwrite approximately Tis, 3,- (000,000 shares to be paid in by De-comber $1 of this year.
T have to say that I am not now nor was I at any. time connected with this concern' in the remotest degree, F. Payne, Shanghai, Sept. 21
Text read from the printed page and cleaned; old type leaves the occasional error.