March 6, 1908 (, Shigenobu February fourth day), the Qing court and British contributions contracts entered into the Shanghai-Hangzhou-Ningbo Railway, causing local discontent.

1908, the Qing court despite nationwide opposition, so the Ministry of External Affairs, Postal Department and the British company signed the Shanghai-Hangzhou-Ningbo railway loan contract, the amount of 1.5 million pounds, 139.5 million pounds paid-for making the The construction Huhang Yonglu purchased to do vehicle with. Interest rate of 5 cm, once in a year, 10 years after the principal year by year. 30 years is limited. The 11th, the Qing court order will do the provider about Minister Sheng Xuanhuai Fuhu handle commercial treaty change Shen the right paternity Ministry of cloud Pei summer reasonable Postal Department. Qing-bearing outgoing
, Jiangsu Railway Association call Qing machine at the Political Consultative Council, the Ministry of Foreign Affairs, the Postal Department, Censorate pointed out the matter of Jiangsu, Zhejiang Road, Sheng Wang Daxie traitorous sell Township counts compared Shanxi Mines Hu employs the Jiajing Ren particularly requirements Sheng, Wang Daxie They were punished. (History TodayOnHistory.com)