New $2,000,000 Firm to be Formed As a natural corollary to the extensive programme of railway construction embarked upon" by "the Chinese Government, a new company known as the China Timber Industeial Ca, Lid, hasbeen formed with a capital of $2,000,000 for the purpose of producing, inter alia, sleepers re~ quired by the new" railways under construction or project. The new company was formally inaugurated fon the aist of this month with its head office at No. 294 Szechuen Road (Deutsch-Asiatische Bank Building). JShanghal, and a branch office at Chungking. Seechuen, and with Mr.
C. Woo as chairman of the board of directors.
The capital of $2,000,000.00 is subseribed to in different amounts by the "Ministry of Railways, the Ministry of Industries, the Szechuen Provincial Government, the China Development Finance ' Corporation, the Szechuen-Kweichow Railway Ca, fand the Szechuen Industrial Development Corporation. Timber is tobe obtained from the forests of Szechuen.
'At the promoters' meeting held on [the 21st of this month at 181 Kiangse of Cosoperatives fie Gesrot cee Sires
Text read from the printed page and cleaned; old type leaves the occasional error.