Thirty Million Dollar Weaving Mill Scheme Tt ix learned that a den of 30 shillings per certi cate has been declared on the 3 prompt ecrtifentes of the Shanghai According to the Chinese papers; the chairman of the Fengtien Chamber of Commerce and a number of wealthy merchants of the Three Nanking Railway. Es:
Provi are contemplat-
As explaining this dividend we annet do better than quote from the thine Stock & Share Handbook" regarding this particular issue of "Nett-profit certificates, 6,500 in number, entitled to 20 per cent. of the net profits of the railway, ave been issued to the amount of one net profit certificate for every. ive bonds of £100 each held by: bondholders. These certificates. are current for 50 years from Maly'9, 1903, and are redeemable at.any time'at the option of the Chinese Government at £100 for: each certificate redeemed, If only partially redeemed, then the re-'Wemption will be' by drawings. *Alter 50 years unredeemed eertif~ cates. become null and void except toventitle any subscriber to any, net profits then due, ing the establishment of a huge weaving factory in Mukden. The promoters will contribute $20,000,- 900 toy the capital of the new organization and the local bankers will subscribe another $10,000,000.
The scheme calls for the erection of a four-story factory in Mukden and the purchase of machinery of the latest type from Germany. Silk and wool will he purchased from Manchuria and Mongolia and will be used for the manufactitre of first lass silk and woollen goods.
When the company begins to! operate, the promoters expect to see an end of the foreign economic. invasion,
Text read from the printed page and cleaned; old type leaves the occasional error.