Attention was drawn to the total ion being $46.20, and ive figures were asked for-/Major Brown replied that the cost: n [China was about $95, and in Japan $97, There were many reasons expenditure in Shanghai being higher, mest of which had been indicated in the report.
'A member pointed out that important factor was the number of foreign officials of the company, who were more highly paid than Chinese would be, but without whom it wold bbe hopeless to expect such larg? investments of foreign capital in the system.
Mr. "Wray observed that only companies were under the same jurisdiction and on the same standards could comparisons—possibly be made profitably. In the United States the courts had generally rejected rates charged in one city as a basis of the measure of ates that should be charged in another city.
Major Brown supported this by dailing the various unfair comparisons which were constantly made Yetween British and American costs,
Text read from the printed page and cleaned; old type leaves the occasional error.