Scheme of the Kiangsu Commis. equipment is estimated to be worth $1,000,000, which will be accepted by' the promotors for the production of steel and machinery in Shanghai for the supply of requirements of the interior. sioner of Education Mr. Hu Shu-hua, Commissioner of Education of Kiangsu, who was recently in Shanghai, made a careful investigation into the affairs of the Kiangnan Arsenal at Kaochangmiao and Lunghua. A proposition was duly made to Marshal Sun Chuan-fang, Tupan of the Five Eastern Provinces, proposing the transformation of the Arsenal into a chemical factory and a regular steel products company. Mr. Hu, in his report, estimated the necessary capital of' the steel and machinery plant at $3,000,000, to be subscribed by the Chinese Government and the merchants of the county. The ald steel plant of the Arsenal will be made use of temporarily and the raw materials will be evllected from the whole of China. The existing Another sum of $1,000,000 will be required for the purchase of new mutchinery while the decoration, ete., of the premises will require another $1,000,000.
Six'months will be requited for organization and preparation of the proposed company, which will have on its staff about 2,000 officials and workmen.
The prospective steel plant will have a producing capacity of about 00 tons of steel per month valued about $280 per ton.
It is estimated that "ore than 100,000 tons of steel are imported through Shanghai annually. There practically mo other place in China that produces steel. Thus there should be no difficulty in dis-rosing of the products of the proposed steel plant—Kuo Wen News Agency.
Text read from the printed page and cleaned; old type leaves the occasional error.