Among the Chinese companies (stock held by Chinese and foreigners) which have been managed successfully are the Taku (Tientsin) Tug and Lighter Company; Shanghai Tug and Lighter; Shanghai Dock and Engineering; Shanghai and Hongkew Wharf Company; China Oil Company; Tientsin Iron Works; Union, Yangtze, North China and Canton Marine Insurance Company; Hongkong, Canton, Yangtze, North China and China Fire Insurance Companies; China Merchants’ Steamship Company; Ewo, Shanghai and Soy Chee Cotton Mills; Hai Ho Conservancy (Tientsin); Ching Ching Mining Company; Kiangnan Dock and Ship-building at Shanghai; Yangtzepoo Dock and Ship-building at Shanghai; Vulcan Iron and Car Works; Han Yeh Ping steel plant at Hanyang; colliery at Pinghsiang; iron mines at Tayeh; Commercial Press of Shanghai in publishing; Chee Hsin Cement Company (at Tayeh, Hupeh). In joint stock organization, China will for a while suffer from two things, nepotism and graft. We have ourselves not yet emerged from staffing companies with inexperienced and dummy relatives, and from plundering the corporation exchequer. The Shanghai taotai who decamped during the rubber panic of 1910, having given several million dollars of fiduciary funds to friends, will never be forgotten in the Paris of the East. No more however will the “squeezing” Manchu mandarin come down “like a wolf on the fold” on struggling concerns or private business. China mines only 15,000,000 tons of coal yearly, mainly at the following mines: Kaiping (near Tientsin), in Pechili province; Wei Hsien, in Honan (anthracite). Pingsiang, in Kiangsi province; Lin Cheng, in Pechili (anthracite). Fangtsze (near Tsinan), in Shangtung province. Lung Wang (near Chungking), in Szechuen province. Tse Chow, in Shansi province. Ching-Ching, in Shansi province (anthracite). Pao Chin, in Shansi province (anthracite). Fushun (near Mukden), in Manchuria (owned and operated by Japanese). Heijo (near Chemulpo), in Korea (owned and operated by Japanese). Ping Yang, in Korea (owned and operated by Japanese). Hungay and Kebao, in Tonquin (owned and operated by French and Hongkong capitalists).