This company has its collieries in Yihsien, Shantung, and depends on the Tientsin-Pukow Railway for the: transportation of its coal. It has huge properties, which include 1 field, workshops, iron works, machi shops, railway carriages, locomotives (most of which have been seized by the Northern military leaders, the others being out of date) and buildings, the total value of which were estimated at $30,000,000. Tt is the biggest Chinese-owned mine in the country, but it was forced to close down last July. At least $7,000,000 will be required to resuscitate it During the period of its closing, is estimated that at least $70,000 to $80,000 monthly is required to] meet expenses. In 1915, the capital was. $4,000,000 and this sum was increased by $3,000,000 two years} Tater, when a dividend of 45 per cent. fon the net profits was declared. It had to close down owing to' the reasons mentioned above.
Owing to the fact that many of its shareholders were Northern military or political leaders, the Nationalist Government, we learn from a very reliable source, formed]
committee for its reorganization and demanded that the company should subscribe to the bonds issued the Nanking Government to the, tune of $1,000,000 and get red of its Northern " military-politics—shareholders before it was allowed to reopen. This the company is unable to do as there are no funds on hand and as shareholders cannot be dis-wed_at random, thowzh 300,000 tons of coal are on hand, awaiting Aclivery. The output is between 2,000 and 9,000 tons daily. Efforts have been made to deliver the coal but there is no rolling: stock for its fon. All the company's locomotives and carriages have been seized by the northern military Teaders: the Tientsin-Pukow Railway cannot supply any and the Lung-Ilai Railway likewise has none which can be lent. The company, therefore, has found it most difficult to continue.
Text read from the printed page and cleaned; old type leaves the occasional error.