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“...There is also a paper
mill fitted with British plant for the manufacture of Chinese paper,
and a large flour mill with American machinery has recently been
erected at Junk Bay. The latter is capable of turning out
400,000 lbs. of flour a day, and another mill of similar capacity is
projected. The bran and refuse food-stuffs are to be used for
fattening pigs for the Chinese market. The owners of the mill
are under the impression that they will at some future time obtain
supplies of wheat from Manchuria, and an attempt is to be made
to increase the cultivation of wheat in Kwangtung and Kwangsi.
The supply now used comes from the United States of America.
The Hong-Kong Cotton-spinning, Weaving and Dyeing Company's
mill, with 5.5,000 spindles, started in 1899, had to write down and
bring in fresh capital in 1901, and has not proved the successful
venture that was anticipated.
Magnetic iron has been found in large quantities in the Kowloon
extension, and a company with a capital of 1,000,000...”
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