Sugar Refining Ca., Ld., of Shanghai, were on Monday offered for public subscription. This company is believed to be the first of its sort, capitalized entirely with Chinese money. The authorized capital of the company is $5,000,000. The founders of the company are taking $4,000,000 worth of shares and the remainder will be raised from the public. Among the promoters are Messrs. M. Y. San, Chang Chien, Chang Char, Li Ching-fong, Chang Chu-sung, C. Nieh, C. T. Wang, Yang Tcheng, Kan Chao-nan, Kan Yuk-kai, Chun Bing-him, Loo Ching-so, Wang I-ding, Zee Ping-we, Y. M. Chien, Chao Ching-hua, Hu Pah-ping, Wang Wan-nien and Yen Che-fang. A large tract of land will be purchased near Shanghai, probably at Woosung, for the factory.
Text read from the printed page and cleaned; old type leaves the occasional error.