Shanghai, Dee. 15.
The China General Omnibus Ltd., has informed the Municipal Council that the ved in Shanghai on the steamer D'Arlagnan. During "the month of December: a further" shipment of about 130.000. buy will be ent from Saigon, Contrary "to erroneous published in some ress, here Is no intention of ice exports to Shanghai. Havas continued low exchange value of Chinese currency, coupled with increase in the cost of imported materials in terms of the currency in which they are purchased, and increased labour charges, have raised operation costs to a point at which it is not possible to maintain efficient services with existing fare charges.
The Company accordingly informed the Council that What the S.M.C, Satay Increases Cost Shamghat, Dew. 14
syeases in' allowances recently.
extra cent the ata iberied by the Council amounts ap. Dreximately to §99%000 4 month. Ths extra cost ts ivinibe as follows: reluctantly "compelled vevise its fare charges involving fan average increase in fares of approximately 35 per cent.
These increases snust_ undoubtedly The revised fare charges, which make it necessary that the Council, will come into effect on Tues-like other providers of public services, day, are within the maximum must charge more for. the services fares permitted the Company which it provides. 10 would be pre-under its franchise mature 40 attempt to estimate the
lary until the Finance Committee hae amount of amy extra taxation necest-before it the Estimates for 1941, produce a favourable effect in the Fice market by" further reducing oficial prices which were said toe still too high. Although was reported that ie Council did
Text read from the printed page and cleaned; old type leaves the occasional error.