Two firms, destined to play a maier part in the economic development of North China, will soon come into being here and at Shihchiachwang, important Hopel railway junction.
'One isa ¥.10,000,000 cement firm, sponsored by the Japan Cement Manufacturers' Guild, which will Subscribe halt of the necessary capital. Plants are expected to be created outside Peiping and at Tsinan, Shantung.
The other is a Sino-Japanese cotton syndicate, also capitalized at Y.10, (000,000, at Shihchiachwang. Both Chinese and Japanese buyers will participate in this combine which will deal with raw eotton—Domel, Journal Repudiates Surrender Talk Chungking, Dec. 12.
Under the heading, "Peace of Surrender and Peace of Slavery," the Ta Kung Pao," an influential Chinese daily newspaper, in a leader today, declares "Since the Sino-Japanese hostilities were started, we have often heard the remark that we want peace with honour" and not peace in humiliation."
"However, this is not a true picture of the situation since, today, even if we want a peace in humiliation,' we cannot get it.
"What Japan wants is a peace of surrender and slavery."
In conclusion, the paper urges the Chinese populace not to be misled by Japanese propaganda but to continue ju their resistance, for "unless the Chinese resist to the end, there can never be a peace with honour' for China."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.