Industrialisation of Yangtze Valley: Hint of Cigarette Monopoly Oct, 1
Mr. Chen Kung-po, the Minister lot Industry, announced an import-fant four-year industrial development Plan at. this morning's weekly memorial meeting at the Central Kuomintang Headquarters here.
The scheme is to. transform the Yangtze Valley into the Chinese premier industrial district and it in-Cludes the following. enterprises:—(1). coal mines, (2). steel plant, (3) ammonium sulphate factories, (4) machinery and tools, (5) copper plant (6) petroleum, '(7), power Plant, (8) motor cars, (9) electrical, (10) " sugar refinery, (11) paper manufacturing, (12) porcelain.
Speaking on China's coal industry, Mr. Chen declared that the annual output was 25,000,000 tons, of which 14,000,000 tons represented output from mines with foreign capital and only 11,000,000 tons from mines de-eloped" with Chinese capital. Excluding those coal districts where communications were not yet developed, My. Chen declared that rich coal deposits had been found at Yih-sion, Laiwu, and Tai-an along the tientsin-Pukow Railway, and Chin-hsin, Linchen, Taehsien, Anyang, and Yuchen along the Peking-Hankow Railway. China's coal produeing districts had been roughly: divid ed into twenty districts, each district having an average dally output of 12,000 tons. 'The daily total output, therefore, should be 40,000 tons. If the daily' production cost should be $160,000, transportation cost $240,- 000, and' sales returns 500/000, nual net profit should" be above $33,000,000, The development of coal mines had a close connection -with.. the Government's steel plan: project continued the Minister of Indust Several places were. mentioned as suitable sites for steel plants among (1) Suiyuan where Suiyuan and coal. de-to best advantage; (2) Shantung, where coal from Poshan mines and iron from Kinglingchen could be used; (3) Chibli where coal from Chinhsin, Tzehsien, and Chaitang mines and iron. from -Chilungkuan could be used; (4) Hankow where ug Iron and Steel ed; and (5) the these factories could be easily converted into military plants. resent plan was to use $15,000)
capital, Te would be a Sino-British-German joint vunder= taking with British interests supplying. the capi and German concerns supplying the technical experts. Of the $15,000,- 000 capital, Chinese interests would 'Put $8,000,000 and $7,000,000 would be from foreign interests, Of the $8,000,000 put up by China, $5,000, 000 would come fromthe' ment" and $3,000,000 from pri Interests, British and Gerjan perts calve to China in Avrit, 103, and made exhaustive investigation: 'Their' detailed reports would ready before June, 1983, Tu regard 10 the Central chinery and Tool Factory, Mr. Chen declared that $1,500,000' would be necessary for the, equipment. alone. This amount had been secured. from the Sino-British Boxer Bunds Board. The site of the new plant would be at Hsiakwan, the river front of Nanking. A piece of land of 40 mow had been purchased from the Nanking Municipal jovernment, and the $400,000 for of the required buildings.
Mi. Chen also spoke about the possibility Government -mono-Poly in manufacture and lo of matches and cigarettes.—Rei
Text read from the printed page and cleaned; old type leaves the occasional error.