Chungking, Sept, 22.
Establishment of an Oversea Development Company ig reported in the Chinese press.
Prominent Fukien oversea merchants, headed by Mr. Cheng Vu-shu, "understood, "are organizing company which has already. secured $138,000,000. IL is hoped to raise $85,000,000 within a year, when the Company will be formally opened.
Meanwhile, another Fukien oversea merchant, Mr. Wang Cheng-hsian, is establishing a rubber-tyre company in Xunnan to be known as the South China Company.
Mr. Tan Kah-kee, prominent indus trialist of Singapore, is reported to be contributing $2,000,000 for schools in Fukien. Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.