No payments were made to the National Loans Sinking Fund Admini strative Commission from the revenue collection on account of the service of internal Loans secured on the Customs Revenue, but part of the quotas due from ports in areas under the Chinese Government's control was set aside by using the balance left from revenue remittances received from those ports after provision had been made for prior obligations. The total so set aside was deposited in special accounts with the Central Bank of China, and amounted during the year to $8,582,071.39, Obligations affected under this heading include Int. Investment Trust To Issue New Shares Shanghai, Jan, 5, a meeting of the board of direc~ tors of the International Investment Trust Ca. of China, Ltd,, held on Saturday morning, it was decided to issue 178,000 new shares of the company's unissued capital to be offered those persons who on January 16 are registered as holders of the ex-{sting shares in the ratio of one new share for every two shares s0 held at price of $16.00 local currency per share. Full particulars will be mall-fed to shareholder The new sha fully in after.
The directors have announced their intention (0 utilize the proceeds of this new issue for the purpose of redeeming the company's debentures. the 25th Year Consolidation Loon of $1,460,000,000, (2) the 25th Ye Recovery Loan of $240,000,000 and (3) the 17th Year Long-term Currency Loan of $45,000,000,
Text read from the printed page and cleaned; old type leaves the occasional error.