Pointing out that cash funds at the disposal of the company are hardly enough to finance the economic development of North China, the message stated that, while calling upon the shareholders of the concern to pay up: another quarter of the capital stock, the company will issue debentures next year to raise the necessary funds to finance its projects.
Two subsidiaries are already in operation, one is the North China Telephone and Telegraph Company and the other is the Mongolia Telecommunications Company. A third subsidiary, the North China Transit Company which will manage the railway systems in North China, will be organized by February with a capital of Y.300000,000, the message said.
Other subsidiary concerns planned for organization next year are one for working the coal and iron mines, another for the generating, transmitting and distribution of electricity and the third for the manufacture of salt and sods.—Domei. coo Mr. Chamberlain and Suite for Rome London, Dec. 8.
There will be but one chan; the staff that will accompany th Prime Minister, Mr. Neville Chamberlain, and the Foreign Secretar; Lord Halifax, to Rome in J as compared to that which went with them to Paris late last month.
Mr. William Strang, expert in Central European affairs, is to be replaced by Mr. Maurice Ingram. Foreign Office expert on Italian matters.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.