Shanghai, Aug. 25.
The Minister of Railways, Mr. Chang Kin-ngan, announced to-day the following offer concerning the resumption of service of the bonds of the Canton-Kowloon Railway Loan of 1905:—L—Interest will be paid at the vote of 24 per cent, per annum for the first 20 years, and 9 per cent. thereafter; with the proviso that, during the first twenty years, should the nett earnings of the railway amount to more than $200,000 per annum, the surplus will be used, first, to increase the interest to a maximum of 5 per cent, and then for additional amortization payments The first interest payment will be on June 1, 1037.
2—As from 'June 1, 1996, an annual loan service fund' of $550,000 will be provided, of which $350,000 will come from' funds available to the Ministry and $200,000 from the railway. This fund' will be me creased to $800,000 from June, 1941,
Text read from the printed page and cleaned; old type leaves the occasional error.