An ambitious plan Peiping from Pukow by wa th:
apu Railv the first traveller by that route, after the anticipated drive of the Japanese forces through the Chinese defence line near Hsuchow, was revealed by Mr. Soichi Oya, staff member of the saka Mainichi" and a well known writer, according to the "Shanghai Nippo." Mr. Oya arrived here on Wednesday aboard the Shanghai Maru.
The Japanese writer said he expected the fall of Hsuchow before long.
He pointed to the announcement recently made by officials of Reformed Government" that expected to merge the Government with the "Provisional Government" in Peiping when communications had been restored between th and Central China. now steadily and slowly returning. The No. 1 gasholder on the Vu Ya Ching site was dismantled and sold.
All other plant and buildings were maintained in a satisfactory manner and I think I must record that the plant was shut down and started up n without accident.
If you will bear with me a little longer I will refer to the accounts. Taking the balance sheet, first you will notice that during the year a further 139,300 shares were issued at var thereby increasing our paid up to $5,600,000.00 and the result his is reflected in the reduction of the overdraft by some 14 lakhs and, in addition, in profit and loss account the item interest is $99,471.13
Tee Chairman the Shantung Provincial Government, Admiral Shen Hung-lich, left Tsaohsien, the emergency capital of Shantung, on April 7 on an inspection tour of the defences and dykes slong the Yellow River, a dispatch to the "Morning Leader." According to this dis-tch, Admiral Shen, who is accompanied by the Civil Affairs Commissioner of the provincial administration, Mr. Li Shu-chun, will direct district authorities to take precautionary measures against the crossing of t e river by the Japanese the dang of sp floods, less than in the previous year.
Following our usual custom have recommended the transfer of You'll Call it MADNESS
$15,000.00 to the Chinese employees benevolent fund and allocated $10,-
000.00 to retort renewals account
Text read from the printed page and cleaned; old type leaves the occasional error.