371 END
first took shape when the anti-British
cott of a few years ago were at their height,
openly advocated in Chinese circles as a means of ruining
the shipping business of Hong Kong, which is entirely de-
pendent for its prosperity on its shipping facilities and south its trade with Canton and MN China.
As a means for the profitable investment of British indemnity funds, the Whampoa scheme may or may not prove in the long-run to be a sound one; but it may be noted that the port will take ten years to construct, and perhaps the enterprise may not become a remunerative one for a much longer period. Meanwhile it will be of interest to observe what (if any) arrangements are to be made for the payment of interest to the Board of Trustees.