The Shanghai Power Camps oficial "interviewed emphatically stated that the company had heard nothing before yesterday as to the Proposed measure. He pointed clit that the capital of the new Japanese concern, as published in the "Indus rial Daily News." was _not_nearly sufficient to cover the purchase of the Shanghai Power Company, whose debenture ise alone amounted. to $80,000,000. "The "Japanese company would need well over livlee Ils Pro: posed capital simply' to purchase' the Shanghai Power Company, the of-lal added. "Ht the Japanese. were thinking of taking over the Shang hhai_ Power Company," the 'oMelal concluded, "we would certainly have hoard of their plang well before this, but we only received the report con: cerning the company to-day."
Other authoritative elxeles' in Shanghai characterized the allusion to the Shanghai Power Company ay fan error In translation, pointing out that what was probably' meant. Was that the new "Japanese company would take over Chinese power companies operating in and around Shanghai. Tt was learned thatthe {aking over of "the Chapel Power Company by the Japanese concern would not appreciably affect the operations of the Shanghai Power Company. The Intter in normal times used to supply the Chapel company with a small quantity. of electricity at a very low rate, but otherwise the working of the. {wo companies was on an entirely parate basis. The Chapel Power company was severely damaged. during the "hostilities, "and ceased operation several months ago,
Text read from the printed page and cleaned; old type leaves the occasional error.