Col. F, R. W. Graham, Commandant the S.V.C, left here on Tnursaay for Japan inthe N.Y.K. s, Nagasaki aru.
Dr. Joseph F. Rock, the noted explorer, leit here last Wednesday in Vine Dollar s. President Jefferson for Hongkong.
Mx. Chen Kung-po, Minister of industry, who is making an inspec-Yon trip of the Netherlands Has. [udies, has completed his tour and is reported to be on his return jour-He was last reported from Manila land is expected to arrive here early next month.
'Mr. Joun Morris, manager of the United' Press in Shanghai, and Mrs. Morris were at home on Tu evening at 186 and Mrs, Furay, the reception being attended by a large number of representative of the local newspaper world and others. Mr. Furay Is vice= resident of the United Press Asso-lations of America, and visit to Shanghai Satu Stren Bae cet ae cee a ae 4
Sea gens ea Hin Dr. 8, G, Furstenberg.
MUNICIPAL LOAN OF 1934, 'The Council's decision to authorize fan issue of debentures to the nominal value of $7,000,000, such issue to form part of the loan of $18,500,000 Droved at the last" Ratepayers' Meeting, followed a recommendation to this effect made by the Treasurer jand Controller and endorsed by the Finance Committee.
The Treasurer informed the Finance Committee that he had given careful consideration to. the question of Interest rates. As it would appear that an improvement in the economic situation would in due course react the relatively low rates of interest now prevailing, he suggested th desirability of taking a somewhat long view and recommended a 10/30 year loan bearing interest at the rate of per cent. per annum and tested at a premium of 24 per cent. Th return to the investor on the basis of 30 years would be approximately /4.84 per cent. The loan would be for Chinese Standard Silver Dollars local currency, and redemption would be provided for under the operation of a sinking fund. Repayment of the principal would be subject to the rior charge in respect to the loans of 1024, 1925, 1926, and 1927 which were in course of redemption out of established sinking funds. With regard to the loan of 1924, which was be called for redemption on December 31 next, he proposed that registered holders therein be afforded fan opportunity of converting their holdings into the loan of 1934 on terms to be settled later in the year.
recommending that no further definition of the weight and fineness fof the dollar be given than "Chinese Standard Silver Dollars," the 'Treasurer stated that it would in his opinion be improper to impose a potential burden on the ratepayers {In respect to the new loans in having to provide funds for the equivalent the silver content of the dollar at Jany time, The Council's credit stood higher than ever before, and he considered that It should not adopt a and potential proposed open= ing the loan for subscription May 31, Arising out, of this matter, the 4 Controller stated that one free of charge, but in view of the number of debenture certiates forwarded fo the Finance Department for transfer, the increasing "cost of ese services, andthe fact that it war a general practice to make Serge for these falls, he was of the spin on that the time had arrived
orisonable fee. He therefore recom= shen the Council shoal neat 8 ended tat beginning. with the foun of 1984 a charge of $1'be_ made in Scopect of each debenture corticate transferred Tne "Committee adopted these recommendations and they Were endorsed by the Counci oni ie reuter of Berlin, whose throughout the city, Tt is Prot
awaits his return there, ist on the final Muni programme on Sunday In accordance with old-established custom, H. M. the King of the Bel-glans has appointed special missions fo the rulers of foreign States, who condolences expressed at the time of the Jamented death of His Late Ins officially the accession to th lof H. M. King Leopold LI. The lspeeial mission which will " soon be on its way to China, is led by Baron Janssens and is due here this summer.
Very many friends gathered on Monday (May 28) at the parlours of the International Funeral Directors on Kiaochow Road to pay their last Fespecis to the late Dr. 8. G, Furstenberg, for many years Physician held in high esteem in Shanghai. Dr. Furstenberg. died at the Shanghai General Hospital early Sunday morning after vain attempts had been made to prolong his life. He was sixty years of age and is survived by his wife, Mme. Marie Louise Furstenberg.
Mrs. Magdelaine Gallenca The death took place at St. Mar Hospital on Saturday (May 26)
Mrs. Magdelaine Gallenca wife of Mr. H. Gallenca of the Public Health Service, Freich [Municipal Council, Deceased, who was only 30 years of age. is survived by her husband and a young child.
Text read from the printed page and cleaned; old type leaves the occasional error.