Tram and Bus Companies in Agreement An imminent working arrangement Jor form of merger between the Shani hai Tramway Ca. and the China General Omnibus Ca. for the coordination of transport facilities with 1 view to greater efficiency, public Convenience. and economy in work: ing. was foreshadowed in the speech the chairman, Mr. F. R. Davey the International Investment Trus Ca. of China, Ltd, at their annual general meeting "of shareholders on Friday.
In this connection Mr. Davey said, Success has at. last attended " the efforts of those who have worked hard for several years to secure the transfer of the head office and con-
{trol of the tramway company to Shanghai.. It will not be long. Tam sure, before it will be necessary for substantial local shareholders in both concerns, your company being Jone of the most important, to turn fatiention to the desirability of some Jworking arrangement or form of Imerger between the tramway company and the China General Omnibus Ca. which will lead to ce-ordination Jot transport facilities in Shanghat.
"Such ce-ordination would obvious-by lead to greater efficiency. greater Jconvenience to the public, and Jeconomy in working. Those who so readily write to the newspapers vole ing. their complaints of the insur. Jciency and alleged inefficiency of Toeat transport do not realize, I am_ Jatrald, the immense difficulties which those who have to solve the transport Iproblems of Shanghai have to face JAs large shareholders in both concerns, we are satisfied that marked lorogress has been made, but we do believe that the transfer of the tramjway company to Shanghai opens up.
new and important vista of progress yet to be achieved."
'A full report of the meeting of the [International Investment Trust Ca. of China. Ltd. will be found on page 195 of this issue.
Text read from the printed page and cleaned; old type leaves the occasional error.