In order to have loca] publishers his ang printers from suffering the increased price of paper, an enterprise because ing overseas Chinese businessman, and Mr. Ling Shu-yen, has established the Kwang Hwa (Bo Kee) Paper be Manufacturing Company at 90 Chuen Tai Li, Singapore Road. The paper company was formally opened on Thursday in the presence of more than 100 guests including many Chinese newspapermen.
The factory has more than 20 rooms covering more than 10 mow of land. At present its production is limited but as time goes on new machines will be installed. The factory is also manufacturing newsprint. The new firm is capitalized at more than $100,000 with Messrs. Ling Tsai-mow and Kuo Cheng-open as manager and sub-manager respectively.
Text read from the printed page and cleaned; old type leaves the occasional error.