A correspondent in the North sends the following on the Kuiping Mines under their new management, which appears to have gained much confidence amongst people in the North. Rose who have been to Tongshan have brought very encouraging accounts of the mines, saying that since taken over under Anglo-Chinese management the mines have produced better coal and in greater quantities than during past years and that this may be seen by the results this year, for after paying all expenses the profits amount to 24 per cent. Furthermore, after placing a certain portion to Resetve the management will be able to pay 15 per cent, that is to say, Tls. 1.10 on every pound sterling, which is a contrast to what was paid in previous years, whic ly 12 per cent or Tis, 0.90 per pound sterling. Shareholders in the North generally are quite sanguine, continues our correspondent, of obtaining even better dividends in the future, obtained from greater outputs and the very large profits which the new port of Chinwangtao and the railway connecting with the mines must bring to them. One "benefit of the mixed management will be the added friendliness of manner with which the Chinese shareholders will view the British managers of the mines who have been able to bring so much extra funds into their pockets.
Text read from the printed page and cleaned; old type leaves the occasional error.