Sino-Cuban Factory to be Established The. Chinese press have published some of the essential points of the draft contract which is reported to have been entered into between the Ministry of Industry of the Chinese Government and certain Cuban sugar merchants for the establishment of a big sugar refining factory in Shanghai, According to the Chinese press, the document provides that the Proposed Sino-Cuban undertaking will be known as the Chinese Government Sugar Refining Factory with a capital of G.$5,000,000, The factory will be established Shanghai and, apart from being: under the jurisdiction of Chi consisting of ni members, six of whom shall be Chinese and' the remaining three, Cuban, The Cuban sugar interests shall advance a loan for the establishment of the factory which will be paid to the Chinese Government in instalments, namely, G.$100,000 mediately after the of the contract; G.$900,000 within the next three months; and the remaining G.$4,000,000 within the next. three years and they shall be entrusted with the duty of purchasing the necessary machinery and materials for the factory and will enjoy exclusive rights to export sugar from China,
Text read from the printed page and cleaned; old type leaves the occasional error.