An indication of genuine optimism regarding Shanghai's future is visibly expressed by Messrs, Mark L. Moody, Fed. Inc, US.A, and its president and general manager, Mark L. Moody, with the confirmation yesterday that the firm has just consummated a deal involving the purchase of the large showroom and service garage which cover more than three mow at 640 Avenue Foch, and formerly known as the Harking' Motors.
"We believe in Shanghai and Shanghai's future," stated Mark L Moody, when confirming the purchase and explaining his company expansion plan. "We have watched Shanghai's growth for the last 20 years and know something of the City's growing pains. It has passed through many painful periods and invariably "emerged to enter into an era of greater development. Shanghai is again at a difficult stage in its life, probably íts most difficult stage
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