Tariff of Charges—An application made by the company in December, 1938, for permission to impose monthly surcharge on accounts for consumption periods ending during the months of January to April elusive, in accordance with a sliding Scale based on the sterling value of the Chinese dollar, was disapproved. In view, however, of the necessity diminished Enthusiasm 10 and a half years of war, the Chinese population of Shanghai is celebrating the New undiminished enthusiasm. for additional revenue to meet _increased costs of operation, an increase the surcharge of 18 per cent. then in force, to 25 per cent. was sanc~ tioned in respect of accounts for consumption periods ending on and after February 15, In May an application by the company for permission to increase the Surcharge to 229 per cent, was disapproved by the Connell on the ground that no increase was justified at that time, and continuation of the Surcharge of 23° per cent. was authorized. A further application for an increase in the surcharge based fon estimates calculated at. change "rate of 6% pence to the Chinese dollar made in July was also negatived with the assurance that the matter would be reconsidered in September in view of the further serious decline in the exchange value of Chinese currency.
A thorough investigation into the! company's position, carried out following the submission in August of revised estimates based on an exchange rate of 3% pence, disclosed the need for additional revenue to meet the greatly increased costs of operation and an increase in the sure charge to 80 per cent, in respect of accounts for. consumption periods fending on and after November 1 was
Text read from the printed page and cleaned; old type leaves the occasional error.