On account of the bad depress inthe silk industry in China the Shanghai Silk Factory Association recently sert a petition to Dr, It. H. Kung, Minister of Industry, Commerce and Labour, requesting him to urge the Finance Minister to a loan of Tis 1,500,000 without interest in order to five the industry. The petition suggested that the money be granted from the Customs revenue and pointed cut that a similar course had been followed in 1914 and 1218 loan has been approved by the Finance M ister but it is stated that Dr, Kung dees not regard this as a fundamental solution to the problem of the silk in nexion with which 1
Industry in working upon another me which he hopes will material silk industry of the of Finance and and Labe mated to the appli Hon of the Shanghai silk merchan for a loan of $1,500,000, without in. terest, in order to promote the Chinese silk industry. The merchants have been recommended. secure loans in future from th:
Shanghai bankers. be in the region of Tls. 1,000. The izchow suffered no damage.
Yangtze st various points below Kivkiang the China Mer Tuenyi and Kiangteen went agrozn] owing to the low water but have been refloated. The San Peh strs, Wushing and Feifu also were aground and refloated.
In all these cases, the damage sustained, if any, Sardire's' comple the list of sh ping happenings by having a light ashore in a difficult por nea Thong. It is thought, " however, that it has been refloated with no damage to cargo.
Text read from the printed page and cleaned; old type leaves the occasional error.