The Archive · 1920

New Factory Schemes

With a capital of $400,000 a scheme has been sct on foot by General Luk Wing-ting and Tuchun Tam, to open a camphor factory at Hu Yuen, where there are said to be 150,000 trees. They are now only waiting for machinery to arrive, in order to start the " factory. Another scheme under the encouragement of the Tuchuan, is for a yarn Factory with a capital of $600,000, to make use of the cotton which is now being grown extensively in the province. An unusual feature of the financial arrangements is that the capital is divided up into $1 shares and $150,000 1s to be set aside as a kind of lottery, providing prizes for certain lucky num-

Text read from the printed page and cleaned; old type leaves the occasional error.

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