Trustees will sympathetically but can tously receive the proposals that they should finance a paper-making mill in this country. Paper-making for some reason of other, is irresistibly attractive but the difficulties in the way of ensuring its success are some times not discernible at the outset.
For this reason it is surprising to find that the sponsor of the scheme outlined in this journal to-day has Jeateutated the costs on the basis of [$110.64 a ton to meet imported competition at $11094 2 ton. A margin of thirty cents a ton does not seem be generous enough to allow for the unforeseen contingencies which, ex: Derience tells, are apt to affect Infant concern. Moreover the Trustee will have to. take into careful con fideration the possible effect: which their support. of the scheme might have on trade interests elsewhere 'This Journal is strongly in favour of encouraging China's industrial pro-ress, but it deprecates hasty cham: Pionship of proposals which, however Innerentiy. sound in' themselves, not appear to have been fully invest fated from all points. of view. In particular the. suitability—and " ace fessibility—of raw materials must be Slosely examined." In other: countries malls have been started in. the belie that they could use materials Tocally available only to find, when actually operating. that" those calculations Hive gone sly atx. Bnaly, veriing to the question of imported fosts, it is by no means clear that $110°94 9 ton represents the - lowest figure for imported newsprint Mar-reports last week are believed to have shown lower quotations for certain varieties.
Text read from the printed page and cleaned; old type leaves the occasional error.