It is understood that a representative of Messrs. Stinnes is now in Peking negotiating for certain foreshore rights at pukow. The Chinese have, it appears, agreed to the sale of these lights, but the matter is in abeyance, as the representative also wishes to construct a light railway from the foreshore to some coal deposits which have been discovered close to Pukow. The Stinnes group has about £500,000 invested in coal concessions in Honan, Hunan, and near Pukow. This group is said to be influencing the Peking syndicate through the Chinese members of that Company. The group has found oil im Ché- kiang, and is interested in coal near Hangchow.
Messrs. Siemens are understood to have £800,000 invested in coal interests in Honan, Hunan, and Shantung, as well as near Hangchow, where a coal deposit was recently found accidentally during: the construction of an electrical: light plant by the Siemens Company. In Saghalien this company have invested something between £100,000 and £200,000 in coal and. iron concessions. Thirty-eight German engineers are now waiting. in Shanghai for instructions to. proceed to various centres.
Text read from the printed page and cleaned; old type leaves the occasional error.