The Archive · 1933

Boxer Indemnity Funds

Board of 'Trustees' Decisions in Mecing The twentieth meeting of the 8 Shansi a like condi-Board of Trustees for the Adminis tration of the Indemnity Fund: prevails.

Remitted by the "British Govern: rpoupeed, "There are great Dos there are: arent possi ment was held on Monday Dee. 4, Werriand. progress. has been made, lat the Bankers' Club, Shang but, provincial authority is ait The following members were Messrs. Chu Chia-hua,.chait-Dneortain because there is, definite Calder-Marahal, Yeh Kung-Alasatiafaction at times, The state Stthings, however, in" not. beyond fepiicand with some change in the Faotinel of. the -adminstrati ration Honan might well go rapidly ahea The "requirements. of thes Northern provinces may be summed of the office, wax also present.

in two" words (1) agricultural Uevelopment (2) communications.

There requirements are, of curine, interdependent. Nor should fenced much money for the. Shangha Prove, *for example, the prospects for she cotton cultivator, In Honan jane

cotton growing industry "and. also Shagal, Shensi and. Shantang' the Ningpo Railways both. unde account of the "Chi—Shao. section the allied, seed-all industry -which fof the Canton-Hankow "Railway. Te war decided that it. be referred {ould flourish side by side with cotton to the Enlarged Finance Committee flowing, ave. promising veritas ins for seed purchase would be for. consideration and after being oesary and expenditure on this passed by said Committee the on

Shou give, good returns, Hlectricee rod of ts aah Tract would be signed.

The request of the Kuangting Conservancy Commission for loan aula extension of yond develop Blog Seed for motive ower to repair the dykes along the West River. 'Thin was referred to. the mantis desirable, Technical and Finance Sub-Com-whence is this support to come'

"the auction, of cause, remand: mittees for joint consideration and Bhanghat financier ie inclined at the Jatter the complete scheme and pur base order have. been approved by Movers ret he is faced with the ment, to look askance at, China the. Technical Sub-Committee, fact that in this congested area, un-atate contracts be signed for the fees these ism floacishing market cash oan of $400,000 and for the Outside: Shanghai is in danger, oan in materials of £5,000. gradually losing its" economic virtac "The request of the Hwai River a haafing groan of fed: [Conservancy Commission to arrange upon. itself, At the moment investment in Shanghai gets low joan of $9, "for conservancy, Consolidation, Contract for aly works, The recommendations of ates of interest and even then can crap be put in sontewhat speculative the Finance Sab-Committee to make undertakings, Mill owners have fa further study of the matter was heavy, overhead charges, high Jabbus dosts, and constant tears of courses of study for the mar Warest, Worst of all, their Sebolarships of the Board for 1984 ur, ae wh from the interior, fare to be distributed as follows:

esp wig tural stock to the deteflorating influences of a modern city, How bad these influences are Shanghai. is. well known. 'They tae an important. bearing on: the Whole economic situation, in the 1 Of efficiency and the Joss' of potitieal morale which they connote, Electric Supply Plans.

The benefit of electricity lies in the! fact. that it can be applied to hee aint tug tie [Eset development of industrial un-

Hangchow-Ningpo Railway' made great efforts this year in di charging their outstanding, obligations, The total amount paid off to}

proximately $3,200,000. the end of last, September Te is now learned from the same source that, since then, further pa ments have been made on. their Toan services, The Shanghai-Nanking Railway' paid on November 17 amount of $1,076,032.77, being] the equivalent of' £69,774, for, the half-yearly interest due on MIN 19, 1982, inclusive of bank commis-

SHStET, being the equivalent sow-Ningpo," Railway' pa age, gate Shangha ing of £11,2782.6, for the half-yearly Interest due on that day.

On 2 the again paid an amount of $93: 900.13, being equivalent, to £60,000, for part settlement of the 29th and 30th instalments of _amorti due' on Novembey May 18, 1933, amounting to' £75,- 187-10.0' Tt is expected that the' balance of £15,187. 10.0 will be paid) by the end of this year, 'From the above, it may be seen that a total amount of $2,189,800.61 has again been paid this month, and the grand total paid thus far' this Amounts to approximately With the payments of of £18,187 100 by, the way by the end of next month, the grand. total will then be about It is predicted that, with better facilities provided, the earning-power of the two. Railways will be greater" and all the obliga. Ulons in arrears may be cleared off inthe near Tuture—Reuter.

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

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