To fRéheve Congestion on Chungking Traffic Shanghai business men who have been carrying on trade with merchants in the interior under the National Governmental rule will feel relieved to learn that a Sino-French transportation company is reported to be organized with a view to relieving the congested condition of cargo traffic in Haiphong which has been the pivot of traffic between Shanghai, Hongkong andi the southwest.
It will be recalled that it was previously reported that shipping interests and merchants in general in Shanghai felt much concerned over the condition in Haiphong where all godowns were filled to capacity of goods destined for the interior. The delayed transportation: caused damage io goods. While merchants in the interior anxiously were waiting for the goods they ordered Shanghai interior anxiously were waiting for merchants and shipping interests felt inconvenient to send any more cargo to Haiphong.
Trade Leaders Confer To settle this problem discussions are reported to have recently been held between the chairman of the French Chamber of Commerce in Indo-China and Mr. Ho Shih-kwang, chairman of the Chinese Chamber of Commerce in Hongkong and some other Shanghai merchants.—As a Tesult of these discussions they decided to form a Sino-French transportation company. The report states that new routes will be utilized to relieve the congestion on the French Indo-China railway lines. It would appear that they will not find a solution of the problem in Haiphong itself where, according to previous reports, no space can be found for building big new godowns.
Since the disruption of the train servite of the Canton-Hankow Railway Haiphong has become the centre of trade and it is estimated that about 60,000 tons of cargo is there awaiting transportation.
Text read from the printed page and cleaned; old type leaves the occasional error.