The Essential Difference To the Bulter of the "Nonsi-Cuaxa Dany News"
sum have to thank you for 30 kindly underlining, as you did your leaderette of this morning, the Doint 1 desired to make, 1o wiry that the New SMC. Loan i a currency and not a silver issue, T have been Amazed. to find how" many. of my fequaintance have missed this very essential difference between this loan find other dollar debentures which Ihave been floated since the tael disappeared.
letter of May 28 made it clear, 1 trust, that {had ho criticism against the Council's oating a currency loan: as a Ratepayer, indeed, 1 can only heartily. approve of It. I, do, However, deprecate the fact that, in Inviting subscriptions from" the public, attention "was not definitely drawn to-it being a, currency" and hot a. silver Loan, Tt seems to me Temarkable that' so. very astute "a financial expert as the" Municipal Treasurer should have permitted the forma of application to be headed "Sep Sliver. Loan of 1994."
'The Counely statement, published the columns of today's. "North China makes the matter clour and "all'who run may read." Untortunatevall those. whose run, cant Bothered' to read and. the cynic, Suppose, wil! say "they deserve all they eet.
Shanghai, May 29.
Text read from the printed page and cleaned; old type leaves the occasional error.