The suggestion that the Shanghai Telephone Company's application should be submitted to an independent "audit receives point from the comment of a correspondent who rightly suggests that the investigation should settle those "uncertainties which exist in the public mind regarding the Company's finance with special relation to its obligations to the parent organization in. America. This should be welcomed by the Company to whom the confidence of the community is an important asset, The Council, too, will recognize that its own most competent ancial audit is not entirely Independent in this matter owing to the special portion created by the Loan advanced to the Telephone Company. Moreover there are undoubtedly many eritiisms which have been stimulated by the Company's application and the fair-minded ratepayer is anxious that those criticisms should be authorit tively met. The Company deserves sympathy for, apart from the Gaet that it" is giving one cellent service at a comparatively duce the message rate is logical and Sompatibie with modern: peacice But
{Bnovation's tly appreciated, innovation i baperfecly appro: Differences of opinion exist and they, foo, might be effectively solved, if the' snatfument of an independent me vestigation were applied. This might Ental some' delay and, probably, oxpense, "i would, however seller' the Count and the Company' of the eme Sarvassment which must scerne from Slowing misapprehension and tuseton to go unallayed, It afer the Independent audit, the growls, and roams of. the. inveterate "sceptics fentinue, the advantage Wil be wat those raucous noises wil receive encouragement' By" accompaniments fom the. more musical if no" les tritical" harmony" of those" who Sescrive themselves Ss the postesots St open minds. It is t9 be hoped Ghat all candidates for the Munitpel Election "will bear' his" important Seve im mind,
Text read from the printed page and cleaned; old type leaves the occasional error.