London, Aug. 26.
The value of retail trade in July. was 58 per cent. higher than one year ago. Stocks were 1.7 per cent. greater in value and employment was two per cent. higher.—Wireless [Through Reuter. growing need of commercial oxpansion. Credit must take an important' part, and an agreement concerning old debts best calculated facilitate the provision external finance is necessary until Chinese capital is prepared to under-fake such work.
'The "Financial News" also wel-loomes the efforts of the Chinese Government. 'The Minister of Rail: ways, it remarks, 1s to. be con gratulated upon' the measure of Success he has achieved inthe direction of rehabilitating Chinese oilway credit.
The City Editor of "The Times" comments that there is steadily Increasing evidence of the firm intention. of the Chinese Govern: ment to improve the credit of the railways,
Text read from the printed page and cleaned; old type leaves the occasional error.