Although many factors in the industrial picture remain unfavorable, the Government reportedly is taking steps toward rehabilitation of industry. Repairs to the oil refinery at Kaohsiung (Takao) in Taiwan (Formosa) are being made, reportedly under the direction of engineers of the Anglo-Iranian Oil Company, under the auspices of the China Petroleum Corporation, a subsidiary of the National Resources Commission. This plant, formerly owned by the Japanese, was damaged during the war.