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234 the Kung Yih Cotton Mill with 182,000 spindles and capitalised at $1,000,000 of which Mr. Chai owns two-thirds. Mr. Chai has also inveested heavily in land and buildings, holding shares in many commercial enterprises and banks. He is compradore for boeh Jardine, Matheson and Co. and the Shanghai Electric Construction Company. He is a member of the Shanghai Paper and Oil Mills, chairman of the Wusih Chamber of Commerce, and Director of the Chinese General Chamber of Commerce, Shanghai.