Capable of Underselling All Foreign Competitors Scheme to Erect Mill at Wenchow Furthering her industrial independ Jence, China soon is to have her own paper manufacturing plant, Plans for the construction of a $4,500,000 plant have been submitted to and approved by the Ministry of Industry. Eighty per cent. of the capital will be raised through a loan from the British Boxer [indemnity Fund and the remainder by local merchants. The last date of Japplication for shares in the company Will be November 30.
After, a thorough investigation '2y experts) Mawan, on the On-kiang, about twenty miles from the city of Wenchow, in southern Chekiang Prov-Ince, was chosen as the ideal site for the factory, which will consist of paper-mill and a pulp-factory. [British machinery is to be used in the factory and the distribution of the capital required is estimated approximately as follows:— sideration the yearly production of the mill, would mean a profit of $3,675.
vis also pointed out by Mr. Stewart that, as practised by other countries, the tariff might be raised a little in order to protect the new industry. Concerning tariff rates on paper imported into China, he makes the.fol~ Towing comments, in an article which appears in this month's issue of the "Chinese Economic Journal"
he tariff_on newsprint is the Tate of 714 percent. for In'rolis and 334s'per cent. for newsprint fu sheets. "As. a result of this, the Import of newsprint in sheets has practi cally ceased. The paper is now ported in rolls and out into sheets In factories in Shanghai, It the duty were fered, and levied on a basis of weight, usual in other countries, 1¢ would help the new milla great deal, "A\small Inereats In duty could then be Tevied without hardship to the printing houses."
Text read from the printed page and cleaned; old type leaves the occasional error.