Peiping, Sept. 5.
Simultaneously with the establishment of the Y300,000,000 North China Development Company on Oct. 31 a large number of subsidiary companies will be organized in accordance with extensive plans mapped out by local authorities subject to approval by the Japanese Government, it was disclosed here today.
According to the plans, coal mines in Tsingching, Tzuchwan, Fangtzu, Tatung atid other places will be managed by a combine of six coal industrialists. The number of companies to operate the mines will be limited to six.)
In 1941, 10,000,000 tons of coal will be exported and 20,000,000 tons w be consumed at home. according to present plans.
Two projected telegraph and tele: phone companies, including the North China and Monkiang Telegraph and Telephone Companies, will be brought under the control North China Development Compa As regards the management of the electric power industry, the Monkiang often strikes in the night. Electric Power Development Com: pany will be established under th control of the development com: pany, in addition to the North China Electric Power Company and the Tientsin Electric Power Company, One company to speci liquefaction projects will be ablished in the Peiping-Tientsin district.—Domei. r since, A few very foggy have held it up, but never any mechaniezl trouble, Now passengers as well as freight may travel by these planes. In 1936. the first full year 258,000 lb. of freight were carried; in 1937, 858,143]b. of freight and 214 passengers, in the first six months of this year alread; there have been 322 passengers and 550,- 800 1b. of freight
Text read from the printed page and cleaned; old type leaves the occasional error.