Request for Loan Flotation is Rejected For the third time, the request of the Shanghai Chinese Shipowners Association for the flotation of $10,- 00.000 loan for the relief of native shipping firms hag been rejected the Ministry of Communications, according to the Chinese press.
As early as 1930. the local shipping rms asked the Government for permission to float a loan, but their suggestion was not endorsed by the Government. In July this" year, a second request was made, but again it was turned down on the ground that there was no security available, for such a huge loan at the present.
The Chinese shipping firms have repeatedly asked the Government for fivanelal assistance as they have been hard hit by business depression. No, a less than 40 Chinese ships are now Idle in the Whangpoo.
Tur Trustees of the Peace Memorial Scholarships Fund offer two scholarships of a triennial value of £1,350 each, open to British boys of pure white descent residing in China or Hongkong, to be awarded on the result of the School Certifcate Examination of Cambridge University to be held in December, 1938. The prizeman will be required to select from the following courses of study: (1) electrical engineering and/or synthetic chemistry; (2). practical farming and/or horticulture. Copies of the conditions and application forms may be obtained from Mr. I. C. Healey, Education Department, Shang-hal Muniefpsl Council.
°NoC, Herald" Photo, 'Tuesday, Oct. 29, for England in the P. & O. s. Cathay, bid him' farewell were Sir Frederick end Lady Leith~ Admiral Chilton, Lady Leith-Ross,
Text read from the printed page and cleaned; old type leaves the occasional error.