IL is understood, that itis a preroquisilive to the' operation of the agreement for the erection of an iron and steel foundry in Kuanglung that the British engineering firms of the participating group shall frst make a survey of the coal and iron fields of this province. The McKay: Ca. (2) of Dayton, Ohio, some time ago had mining experts examine the known veins" and these mining engineers were enthusiastic as to the future, How the Provincial Government without waiting for further reports will uncover deposits of iron ore a1 coal in five counties. 'The largest coal deposit is at Yangmeishan near the Hunan border, so near that the two provinces disagree as to whether it is north or south of the dividing line. When Gen. H. Chien, Chairman of Hunan, was last in Canton, It was proposed' that the development.of this field should be carried out with capital half to be supplied by Hunan and half by Kuangtung, but this plan was not to the Chairman's liking, Gen, Ho Chien insisted that the lino of demarcation should be determined by surveyors, afterwards each province to develop. the beds lying within Its domain, Without waiting, fo survey, however, Kuangtung will ive a concession io a South Seas capitalist and his friends for the exploitation of the section well within the confines of this province. Mr. Leung San-nam will collect $4,000,000 for the initial capital. A small com~ pany is digging In this section at Present but dissatisfied with its prow gress, the Government Is taking away is concession, Where the counties of Kukkiang and Lochang meet ts another field that gives promise of producing a rich harvest of soft coal. The Government fs"to develop it on its own account and 200 tons a day are to be taken out, About $100,000 is (0 be spent for mining machinery, operations begin in two years.
Text read from the printed page and cleaned; old type leaves the occasional error.