To the Editor of the "Nonru-Cuiwa Dany News"
Sm—With all due respect to your correspondent, Mr, Cuanurs R. SHAW, his points about written promises and contracts would be merely funny if} of so misleading and so resultantly damaging to the "good name of British Institutions" which he rightly, holds it behoves us all to maintain. What the controversy shows is that there are some who did not, before Investing in the purchase of the debentures, and apparently have not since, read the instrument embodying} the contract. "Had the debenture cor tract stated that upon the application of any two debenture holders the, est upon the whole fe, would your correspondent hold that the non-payment of interest Involved any immorality? He would probably reply to a complainant in terms to the effect:
Had you come to me, T should have told' you "of the "terms. of the save (assuming that, "as ts evident. fet interest upon your placement".
Shanghai, Dec.
Hew A. Recs,
Text read from the printed page and cleaned; old type leaves the occasional error.