A communication from Peking states that in order to raise funds for the development of the different industries in the country, which have hitherto been badly neglected, the Ministry of Agricviture and Commerce will issue on the 1th instant @ series of industrial premium bonds \to the value of $5,000,- 000. The funds raised will be used (1) @0 establish an Industrial
coal and iron mines, and (3) to Encoura; mpeoent Bank, (2) to work establish factories for tue development of the cotton, silk, tea and sugar industries, as well as ithe promotion of other profitable enterprises.
500,000 bonds, each consisting of 10 detachable' coupons, will be issued at $10 each bond, or $1 each coupon.
1,600,026 or 32 cent. of the jaunt issued, will be set aside as prizes to be drawn for on September 1 next.
51,720 prizes will be drawn for, including one first prize of $200, 000, two second prizes of $60,000 each, two third prizes of $40,000 each, two fourth prizes of $20,000 each and three fifth prizes of $10,000 each.
The statement concludes by saying that the remainder of the sum raised from the issue of the bonds will be used as capital to start the different enterprises planned, share certificates of which will given in exchange for the undrawn bonds, the holders of the share certificates being entitled to dividends each year.
Text read from the printed page and cleaned; old type leaves the occasional error.