CHINESE RAILWAYS

Dominion, Volume 2, Issue 331, 19 October 1908, Page 7

CHINESE RAILWAYS

A. EUROPEAN MANAGER RESIGNS. (BY TEI.EGBAPH—PRESS ASSOCIATION —COPYRIGHT,. London, October 16. The Peking correspondent of "The Times" states that Mr. Kinder, engineer-in-chief of the Northern railways of Chraa, has resigned, on the ground that he has been deprived of all real authority, and that his position has been made intolerable by the Imperial Government.

A Chinese loan of five millions has just been covered three-fold in London. A correspondent of "The Times" pointed out recently that the increasing responsibilities of the central and provincial Governments of China—the maintenance of tho. army, tho provision of a navy, railway construction, and other public works, national education, the abolition of tho opium revenues, etc.—demanded a re-organisation of the finances. He states that "railways under efficient foreign expert supervision have been proved to be a source of wealth and strength to the country, and this supervision has been shown to be qnito compatible with unimpaired authority in the hands of the Chinese directorate; but railways under purely .Chinese management have so far (with the one exception of the Kalgan line) resulted in wasteful, chaos." He advises foreign bondholders not to omit conditions for their own protection.