Osaka, Nov, 7.
Formation of.a raw cotton firm in North China capitalized at Y.3,000,- 000 was announced here yesterday by the Japan Spinners' Cotton Association.
The capital will be subscribed by the Association; the Hsing Chung Kungssu, a Japanese investment concern in N. China; the Association of Japanese Cotton Spinners in China and the Association of Raw Cotton Importers.
Of the Y.3,000,000, one-third will be subscribed by the Hsing Chung Kungssu and the remainder in equal shares by the three other' organizations.
The Association of Cotton Spinners also decided to-day to limit the monthly production of cotton yarn to 300,000 bales. The import of raw cotton is now restricted to 1,050,000 piculs a month.—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.