From the shale over-burden, removed from the coal seams in the Fushun open cut, is produced Manchoukuo's oil The shale contains from 1 to 14 per cent. petroleum averaging around 6 per cent. The strata range from 200 to 400 ft. in thickness and is estimated at 5,400 million tons of which 20,000,000 will be dug out in the routine process of operating the coal mines. Eighty 100- ton furnaces are used in the distillation plant and eighty 180-tonners are to be added. The reported output for 1935 was: Crude oil 65,784 tons, paraffin wax 20,000 tons, gasolene 16,215 tons. Hsin Chin reports larger and richer oil-shale deposits, and San Hsing has also vast reserves.
Iron has been the subject of long research and large expenditure, The Showa Steel Works, the first industry ken over by the new Heavy Ca, which is already planning to increase its capital to Y.1,000,000,000 and which is planning port an equal amount of foreign capital, ranks first in the consideration of those in charge of the Five Year Plan. The exploitation of the rich iron deposits along the eastern border and the recently-discovered fields in other districts, the expansion of the Showa Steel Works at Anshan, and the Penshihu Iron Works on the Antung Line, and the employment of modern methods are planned to boost the annual production of pig iron 10 2,520,000 tons and of steel to 1,850,000 ton.
Text read from the printed page and cleaned; old type leaves the occasional error.