brought under the International Development Scheme. I shall formulate this mining program as follows:
I. The Mining of Iron.
II. The Mining of Coal.
III. The Mining of Oil.
IV. The Mining of Copper.
V. The Working of Some Particular Mines.
VI. The Manufacture of Mining Machinery.
VII. The Establishment of Smelting Plants.
PART I
The Mining of Iron
Iron is the most important element in modern industries. Its deposits are found in great quantities in certain areas and can be easily mined. The iron mines should be worked absolutely as a state property. Besides the Chili and Shansi iron mines, the other iron fields must also be developed. There are very rich deposits in the southwestern provinces, the Yangtze Valley and the northwestern provinces in China Proper. Sinkiang, Mongolia, Manchuria, Kokonor, and Tibet also possess large deposits of iron. We have the Han Yeh Ping Iron and Steel Works in the Yangtze Valley and the Pen Chi Hu Iron and Steel Works in South Manchuria, both of which are largely capitalized by Japan and are working very profitably lately. There should be similar works in the vicinity of Canton, the Great Southern Port, and also in Szechuen, and Yun-
