Mill Owners' Association, 10 Hongkong Road, Shanghai.
Far-sighted men in China, looking to a time of economic adjustment in the world when each nation will use its own raw material and manufacture for itself, can see China supplying her own needs. One of the greatest of these needs is cotton yarn and cotton cloth with which to clothe China's millions. This industry bids fair to grow and grow, until China herself will fill her greater needs. On the whole the present output is comparatively small, especially the output of cloth, but a start has been made, the climate has been proved to be suitable, and the time when China may cease to be the heavy customer she now is of the mills of Lan-shire, Massachusetts and Japan is within measurable distance, as we measure time.
Text read from the printed page and cleaned; old type leaves the occasional error.