Kalgan, May 7.
'The Lungven Iron Mining Company now being organized to develop the Lungyen "iron mines in Southern Charhar' will be formally: established June 3 or 6 following a meeting of its founders on May 16.
The company will be capitalized at '¥.20,000,000 which is to be subscribed the North China Development Company and the Federated Autonomous Government of Mongolia. One fourth of the capital will be paid up.
It is estimated that 700,000 tons of iron ore will be mined' during the current fiscal year. This Agure is ex. pected to be creased to 2,300,000 tons in the fifth year of a projected five-year programme—Domei, Estimated Output of Westinghouse Ble Woatward Iron Rubber for Apr wy. es, & For. Power Lanekat Mig} Bea
Text read from the printed page and cleaned; old type leaves the occasional error.