The authorized capital of the company is Tls. 2,000,000, which comes entirely from Chinese sources. Last year 11,000 spindles of American machinery with accessories were purchased in addition to the 35,000 spindles of English machinery already purchased. The present property of the company, including machinery, buildings, power plant, ete, is valued at about Tls. 800,000, at an average of Tls. 600,000 per 10,0¢0 spindles—a sum considered to be cheaper than the average among all the newly established cotton mills in China. The organization of the company is simple and efficient. Directly under the Genera] Manager and the Assistant General Manager are the general office staff and three departments—spinning, electricity, and construction. The general office is sub-divided into sectlons,—correspondence, business. accounting, store, warehouse, etc. Each department is under the supervision of an expert, under whom are clerks and foremen. At the close of each day, reports are made by the clerks and foremen to their respective department heads, who in turn submit reports to the General Manager and the Assistant Genera] Manager. With detailed information at hand, the Managers have a close knowledge of the working of the mill, its production, etc., and can thus form their business policy accordingly.
A separate office is established in Shanghai, which buys cotton, sells yarn, and also keeps the more important books of the company.
Text read from the printed page and cleaned; old type leaves the occasional error.