BRITISH AND CHINESE CORPORATION
Mr. D. G. M. Bernard's address to the shareholders of the British and Chinese Corporation could not have, been other than depressing. The Corporation is the contractor for- the Chinese Government Railway Loans, and the Chinese Railways have been and still are the centres of hostility. As he expressed it, "the past year began and continued up to, the end of July with the happiest prospects, but closed in disaster?' He was not able to give any estimate of the extent of the damage
(Continued on page 992)
FINANCIAL NOTES
(Continued from page 990) which the Chinese railways have suffered in .the present hostilities, but announced that demolitions on the Shanghai- Nangking and Shanghai-Hangchow-Ningpo railways had been extensive, and that there was reason to fear that a great deal of rolling stock had been destroyed or carried away.,
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