An iron mining company with a capital of ¥.10,000,0) was organized. moon under the auspices of the "Reformed. Govern: ment of China," according to Japan- Us ese reports.
The establishment of the company bears out a statement made earlier in the week by Mr. Wang Tzu-hu, Minister of Industry in the new government, regarding the administra~ ffion's intention to. undertake the economic and industrial development of Central China, The new firm, a Sino-Japanese Investment company to be known as the Central China Iron Mining Company, will undertake the management iten mines in areas. along the Yangtze in Central China, The organization ceremony was held at the Japanese Club on Boone Road yesterday afternoon. Among the notables present was Mr. Kolyo Tsotani, Vice-President of the powerful Japan" Tron Manufacturing Company.
About half of the capital will be paid by the Central China Development Company and the other half, will be subscribed by the Japan Iron Manufacturing Company, the Nippon Texas Kokan Kaisha, the Asano Iron Manufacturing Company, the Nakayama Steel Works, Ltd, the Kokura Steel Works, Lid., the Hsing Chung. Kungssu, and the Sino-Japanese Industry Company.
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