New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-14

ton give II a character quite similar to that OF the
T Ths PROPOSED D5 sas line the
capital OF Szechuan. with Wuchow on the West
merce H and from which point traffic will reach
Canton either by the West River or by an already
posed British line connecting szechuan with the
lines which reach Canton is about six hundred miles
Another important British line proposed differs
from any OF those already described in the fact
way systems with the railway systems Of British
India This bold project o Is nSW 10 e tx sTrmh to
the Chinese border at kun9ng ETY. Iron o thl
point IS Se to b 9uS preTnse of
and TO the city Of Yunnan itself, and thence further
to in ne sreai the
Yangtze. This proposed line would cross tne Bill ,
nd ony p%Gg the railway system Of
into direct communication with Canton, but also
pavieeatlon n in the great Yangtze Valley where
Great Britain has already obtained an agreement
gnvernments shall be made whose commerce Is
looked upon as the most important OF that OF all
WESTERN and Central China by connection with
the Burmah and Indian railway systems neceso
of the character OF the territory through when
the connecting lines must pass II is one OF great
and possibilities since II successful It would bring
the existing railway system Of India. having oIsed
railway system OF China and CONNECTING through
China with the great Russian rGi ne
from Paris via St Petersburg eastwardly through
Russia and Siberia s9utnwaray andns through
British India.
TERMS ALLOWED BY CHINA.
The cost OF these proposed railway lines In China
will be- II carried out, enormous sum- Inc lines
constructed up to the present time have been ouiit
under the control and at tie expense OF the Chihese
Government The recent concessions propose 10
permit the construction OF lines by capital ana or
Of residents other
tries The funds for this purpose are ID I'M, most ST
TO be secured by mortgage on tne ns1e
ment remain in control OF the foreign leh ,9
themselves after the mortgage lien is paid, are in
most II not ALL cases to become the propersy, Ti
eigners TO obtain "A share or stock interest In ad-
diton to the mortgage lien have usually been uh.
time during which the loans are to run and the
control OF the lines remain In the hands OF those
furnishing the funds may be considered as ap.
preaching an equivalent to ownership. so far at
least as the present generation Is concerned:
IA permitted which to certain extent may per
ticipate in the prospective prohts OF tne ehter
the thirty years term in which the loan Is to run
Government is finally and absolutely to control its
railways is further evidenced by the fact that In
lines Il requires that schools of instruction for
Chinese in the construction and management Of
proportion of the employees of the road shall be
natives and citizens OF the empire. thus proVidlng
for the complete education In railway construction
and management of its own people by the time that
the system OF roads now proposed shall revert 10
the direct control and ownership OF the Govern.
ment. A series Of regulations for railways and
minea. issued in December. 1898 requires that I'm
all cases every endeavor must be made to have the
Chinese proportion Of the capital OF such enter
prise the greater and there must be n proportion
of at least three-tenths of the shares owned by
the Chinese Sanction will not be given In cases
where all OF the money Is foreign" The regula-
tions further provide that the proportion OF
PROFITS to be paid to the Government for railways
will be four-tenths and for mines 25 per cent. to
be handed to the Board Of Revenue require
ment which likely to prove TO say the
least embarrassing TO railway enterprises which
have not already secured concessions.