To try and substantiate this claim the Central China Railway Company, subsidiary of the semi-oficial Japanese Central China Development Ca, in its half-yearly report, May 1 to October 31, 1099, shows a loss of $2,308,043.93. careful survey of the above "accounts reveals that the alleged loss for the period under review is due to the insertion in the Jaccounts, among expenditures, an Htem for "railway protection," of $3,104,331.89. This sum is incidentally nearly three quarters of a million dollars more than the so-called loss, The railway has thus been charged with part of the Japanese military expenditure around Shanghai, to turn what is actually a substantial net pre At of roughly $750,000 into a big loss, Other items on the expenditure side also seem to have been over-debited, fand really the net profit should be
Text read from the printed page and cleaned; old type leaves the occasional error.