The Chinese authorities seem alive to the importance of competition, and we have been creslibly infurined that as a matter of honour alone, they are determined to recon-stract the lately burnt down Cotton Cloth Mills at Yangtzepoo. Apropos of this, note appears in one of the Chinese papers stating that the Viceroy Li has decided t send ELE, Sheng Hetian-huai, Director.
Telegraphs and Haikuan Taotai in, dows ty Shanghai for the parpose of raising funds to buy new machinery, home and spindles, There are alrendy 500 spindles on their way out, which were meant for the old concern, and Sheng Taotai, it is reported, hes now funds hand to buy another 500. With 1,000 looms and spindles it is thought that 8 proper bei can be inaugurated, BLE. Sheng Tavtai, the same paper states, is expected in Shanghai fron the beginning of December, and th Li will debate Mr. Huang Chien-yuan, Manager of the China Meretants' at Tientsin, to be Haikuan Tastai of Tientsin pro, tem.
Acourding to the Hupao, which publishes correzpondent's letter, the expected arrival of Sheng Taotai, originated in Sheng Taotai's request for leave of absence fur three months to pay_a visit to his aged parent in Soochow. In view of this, the Viceroy Li accordingly gave the Tavtai the ow n of reorganizing the Cotton Cloth Mills, being the man best fitted by rank, influence, and wealth for such " task, In obedience to orders fromthe Viceroy Li Bang-chang, the Shanghai magistrate Mr. Huang, has summoned the Chinese foremen, godown men and accountants belonging to the lately burnt down Yangtzepoo Cotton Cloth Mills to be ready to give evidence xs to the origin of the recent fire, before a commission ug of himself and a couple of expectant prefect, which it is intended shall sit within jo week from now,
Text read from the printed page and cleaned; old type leaves the occasional error.