It is understood that an agreement has been arrived at between Viceroy Yang, of Chili, and Tartar General Obang, of Ili, whereby a large cotton-spinning and wearing company is to be started in Tientain jointly by the cial governments of Chibli and The sum of Tls. 30,000 has been raised by the former for the purpose and an equal sum will be provided by the latter. The first lot machinery, which has been ordered from Russia, is expected to arrive shortly. We may state en passant that Viceroy Yang with his well-known interest io industrial matters proposes to send a deputation ander Taotai Shih Shao-chi (better known ax Alfred Sze), who is a competent official and can write and speak English fluently, to visit the industrial centres in Europe.
Text read from the printed page and cleaned; old type leaves the occasional error.