The Archive · 1934

"FLOUR KING" RETIRES FROM BUSINESS

Mr. Yung Tsung-ching, known as China's "Flour King" and one of the owners of 21 large cotton and flour mills in Shanghai, Wusih, and HHankow, has retired from business life, having inserted a circular notice

nouncing his intention in this respec in various Chinese newspapers Jand the appointment of Messrs. Wang Vu-ching, Li Sheng-pel, and Loo Fu= jen to take over his affairs.

Questioned in regard to the Gov-jemment's measures for the relief jof the various mills owned by Mr. Yung. Dr. H. H.. Kung. Finance /Minisier, stated yesterday that the Government. would devise means which would enable Mr. Yung's }varios mills to continue operations

Text read from the printed page and cleaned; old type leaves the occasional error.

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