Company Liquidated for Failure to Subscribe to War Funds Some days ago, it will be recal ed, the "North-China Daily New: published a somewhat lengthy report on the throttling and decline of the Chinese coal mining industry and mention was made of the heavy losses suffered by the Chung Ising Coal Mining Ca., which was called upon by the Ministry of Finance to subscribe to $1,000,000 worth of the Uonds issued by the Ministry for the prosecution of the anti-Novthern campaign.
In connection with this, the Chinese papers on July 8 stated that Gen. Chiang Kai-shek was very indignant because the shareholders of the company (most of whom are members of the Northern military or political parties) declined to subscribe to the issue and so an order was at once issued for the confiscation of all the company's properties. Mr. Yui Fel-peng, former Superintendent of Custor here. has been appointed liquidator and received orders to reorganize the company.
Text read from the printed page and cleaned; old type leaves the occasional error.