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To: Seeker of Truth who wrote (36343)	7/20/2003 8:16:55 PM
From: TobagoJack	Respond to of 74559

Hello Malcolm, Continuing my thoughts about matter and anti-matter, I add: (a) The tollroad companies in question are large provincial operations, sending local tax Yuan to the provincial coffers, and some dividends to provincial governmental owned holding companies; (b) The transport companies may be based everywhere and everywhere else, while more numerous, are mostly small in comparison to the tollroad companies, sending their tax Yuan and perhaps much smaller dividends to wherever appropriate; (c) The national government has many priorities that require provincial support and will not likely interfere in matters of pure commerce; and (d) I therefore feel OK about the risk of new toll legislation and such government taking, for now. Chugs, Jay

To: Seeker of Truth who wrote (36343)	7/20/2003 9:57:00 PM
From: gumnam	Read Replies (1) \| Respond to of 74559

That - you are correct - Public utilities (such as tollroads) tend to be natural monopolies and one can and should expect a rational Government to control them. I just wanted to say that China or any other country is no more or less subject to capriciousness than the western world. Under modern capitalism, Govt is a stake holder with the power to change the rules. So for an investor caution, and diversification is absolutely necessary. Cheers Gumnam