The efforts to exploit the iron mines in the New Territories are again revived. It is loamed that negotiations are being carried on for taking over iron ore deposits by 'a syndicate with substantial fina city support. There is a considerable Gesposit of iron ore in the Now Territories. The project to exploit is not now, but up to now nothin substantial has been done by the parties interested.
The objects of the present, syndicate are understood to conduct systematic prospecting and mining cly qualified engineering and metal Turgical experts. Suitable machin oxy will be erected for the necessary crushing and smelting operations. The Into Sir Paul Chater for years had this project in mind and had every. confidence in its value, Furnaces will be constructed capable of producing pig and bar iron by the most modern methods. Although the personnel of this syndicate is not revealed, it is understood that, its members are well known residents in this Colony.
Reds Taking Refuge Since the failure of the Communist coup in Canton, many Reds have sought refuge' in Hongkong. Only' the other evening the police made on a motor fishing boat, the Shin Maru, lying at a wharf with 70 persons on board, all of whom were suspected as Reds from Swabue. Ten of them were found to be unemployed, and therefore the suspicion against them was much stronger, 'A search of the craft disclosed large amount of "Red" clothing,
Text read from the printed page and cleaned; old type leaves the occasional error.