British concern, owns. the Chlaoto mines, while "the Chung Yuan Mining Ca. © Chinese ergeniestion, also has a number. of
early as last autumn, negotiations Heaiching vefectare, "Honan rare under way. between' the. two Companies for a merger, but, owing {3'the opposition of the Reconstruct tion Department" of the Honan Provincial Government, the plan fell through, Mr. Harold Porter, C.M.G.. general manager of the Pekin Syndicate Ltd., is at present in Honan conducting negotiations in connection with the matter and his col-Teague, Major W. S. Nathan, who has been associated with him there, had returned to Shanghai on May "The name of the pew amalgumated company, the "North-China jews is informed, will be} the Chung Fu Mining Administra.
May 16.
Joint sales in the mine merger! between the Pekin Syndicate and the: Chung Yuan Coal came. effective yester the amalgamation agreement, now in. the hands of the Central Executive Yuan at Nan-King, will become. effective on the! official approval of that body.
At present the mines can turn out 3,400 tons a day, and with improved demand this could be brought 100. Said to be the finest in China, deposits known ight in the area worked by ined administration total 150,000,000 tons. This figure covery, and Major "Nathan said {e"baxed on, only 90: per cents Tex yesterday that it would take Hundred years tg work it all a few days' cine Mr. Porter ie going fo Honan again in anda to fee the manager of the' Chung Yaan Company regarding the reorganise, fico" ak tne ongestconseyeent the amalgamation into one ration: 'Subsequently he will re form to, Shanghai to. arrange the reorganisation' "of" arrangements
Text read from the printed page and cleaned; old type leaves the occasional error.