by the Portland Oregonian as follows:- "Advices from Hong Kong report the closing down for an indefinite period of the big Rennie flouring mills, which began operations about a year ago.
The plant was such a large one, and there was apparently money behind it, that its construction was for a time regarded with serious misgivings by the Pacific Coast millers, who had built up a great flour trade in the Orient. The fact that it was to be operated by Mr. Rennie, who for nearly twenty years had represented the Portland Flouring Mills in the Far East, and who was exceptionally well informed on all matters pertaining to the Oriental flour trade, gave additional reason for fear that Pacific Coast milling interests might be endangered. But a single year of operation has served to demonstrate quite effectually the impossibility of Chinese mills competing with those of Oregon and Washington.".
Little remains to be added to this dismal story, except the fact that the Chartered Bank, who held a mortgage on the mills, took possession of the place; and in February, 1925, this Bank sold the property to the Hongkong Government, who have now called for tenders to have the buildings demolished.
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by the Portland Oregonian as follows:- "Advices from Hong- kong report the closing down for an indefinite period of the big. Rennie flouring mills, which began operations about a
The plant was such a large one, and there was ap- year ago. parently money behind it, that its construction was for a time regarded with serious misgivings by the Pacific Coast millers, who had built up a great flour trade in the Orient. The fact that it was to be operated by Mr. Rennie, who for nearly twenty years had represented the Portland Flouring Mills in the Far East, and who was exceptionally well informed on all matters pertaining to the Oriental flour trade, gave additional reason for fear that Pacific Goest milling interests might be endangered. But a single year of operation has served to demonstrate quite effectually the impossibility of Chinese mills competing with those of Oregon end Washington.".
861
Little remains to be added to this dismal story, except the fact that the Chartered Bank, who held a mortgage on the mills, took possession of the place; and in February, 1925, this Bank sold the property to the Hongkong Government, who have now called for tenders to have the buildings demolished.
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