Suggestion of Shanghai Chamber of Commerce Nanking, July 6.
Establishment as soon as possible of a large-scale Government woollen factory for the manufacture of woollen piece-goods to meet domestic demands is urged by the Greater Shanghai Chamber of Commerce' in a petition submitted to the Minstry of Industry, The petition points out that woollens have become one of the Eocrasaries. of the' people! value <f the' annual. impor the of
ed'to the startling feu Tls. 50 nilliona. Noty rales and serge hang
Ing' Such colossal Serious attempt establish factories of our own Produce" woollers in. competition With Imported foreign ssanatactire During vie tasse few years, fe small Woollen "factories have been opened but these are scarcely in @ position t> affect in any way the continual intue of foreign Continuing, the petition points the world, The raw wool used by important distributing centre. Thousands of people After referring to the fact that France and Japan have also cently entered into competition with England for the Chinese mar-of in woollens, the petition. that it was pattly with a view to reviving the British woollen export with China that the British Economic Mission was despatched to this country.
It is reported, says the petition, that as the result. of the invests Jeation, a gigantic " combine of woollen manufacturers has" been formed in order to enable British Woollens to e: zupete with Japan and France, neluding, the petition pointe out that as\the establishment native woollen manufactory is) me dispensable to meet the needs of the people as) well as to stop the further outttew of our national Wealth, concrete steps should be Immediately taken to give effect t0 this proposal.—Keuo Bi
Text read from the printed page and cleaned; old type leaves the occasional error.