Nov. 23.
Sino-German bartering arrangements are reported to be in some way associated with the proposed creation of a wood-oil monopoly under Government auspices. 'The Government, fortunately, has not formally approved that monopoly scheme which is, however. sponsored' by certain operators on the ground that It will make contribution to the industrial development of the country. This contention rests on insecure premises and, in the light of recent disclosures, requires thorough examination' by the responsible authorities, The me dustry has been built up by foreign and Chinese enterprise, its exceed~ ingly well organized, and wood-oil (tung all) is now the most import ant export commodity on China's! Uist. In the Chinese Economic Journal for August last it is stated:
The rapidly growing demand for Chinese. woodoit abroad, especially the United States, awakens a nationwide interest among Chinese peo in the industry which is now ing far. greater importance many of the other Chinese leading industries, not excluding even silkemanutaeturing,... Accord= ing to a very recent est fin China now 652.500" shih mow of land under tung trees, producing 1,705,000, ieuls of ich about 700,000 picts is consumed at home, the remainder going abroad, Szechuen is the chief producer with more than 500,000 piculs annually. Other provinces engaged in the production of wood-oil are: Hunan, Chekiang, Kuangs, Shensi, Fukien, Anhui and Kiangsi, The rapid growth of the industry can be gauged by study of its exports from Chungkin
Text read from the printed page and cleaned; old type leaves the occasional error.