Shanghai, Sept. 27.
Following the conclusion of the $16,000,000 "joan project yesterday with a local Chinese banking syndijeate, the Ministry of Railways together with the Kisngsu and Chekiang Provincial Governments, is, to begin construction of the Yushan-Pingnsiang Railway which will, link Chekiang and Kiangsi. Tt is under= stood that the section between Nan-hang and Yushan will be constructed Another reduction which pleased householders, though it has cost the Government 'a considerable sum, was: the excess charge on water which has been reduced by fifteen per cent. to all who pay their accounts within fourteen days of issue. This reduc tion will, of course, affect the revenue, and It {s not anticipated that the full amount of $2,000,000 estimated will be received.
Text read from the printed page and cleaned; old type leaves the occasional error.