The Archive · 1925

Our Tokyo Letter

Uproar in' Diet on Universal Suffrage Bill: *Gamblinig and the Takata Failure: Corporal Punishment for Garotters Frow Our Ow:

Tokyo, Mar. 5. will not suffer After having been introduced into the Diet, six times, the Dill enfranchising. all males, over 25 years]

age has just been passed by the prevent meeting of Japan' legislsters, the 50th session, Many amendments have been introduced since the original draft of the bill was made some five years ago, but the ublic are content that the measure has received the approval of the Lower even though it been considerably mutilated by way of amendment:

The bill is now in the hands of the House of Peers which is taking} an <ttitude of opposition to the It however, doubtful whether the pigeon-hole the bill or throw it out. To do cicher of these is to incur the sentment of the people, and th press has been using the big stick on Japan's nobility rather heavily of late, Stormy scenes, accompanied with the usual fistic shows and American flibustering tactics, occurred before the measure was passed. One the opponents of the Bill in the Lower House armed himself with bunch of newspapers and several large volumes dealing with science, metaphysics and Chinese classic 4nd, mounting the rostrum, proceed. ed to rend these out, the object being to obstruct proceedings. Although warned by the Speaker of the House, this individual paid no attention. The speaker thereupon declared 'a recess. and, immediately after a regular rough house was raised, Members of the Govern-' ment party rushed to the rostrum and tore the papers and books of the filibustering Opposition member to bitees; whereupon the Opposition members started " free-for-all fight-'This was soon quelled, as, ever since the recent fight und bloodshed when several of the guards maintained in the Lower House were badly injured by the pugilistically-inclined lawmakers, the police have maintained-ed a strong fence in the House, this force consisting of brawny bobbies, wall versed in jiujitsu. The fight: ing members of Parliament realized that, not only would they los but would also nurse painful juries if they defied the Police to march them off to their proper places.

The debate was resumed about half-past-nine on March 3 and the Bill was passed by 298 votes to 92.

The Takata Shokai Failure The immediate cause of the jure of this large Japanese firm the refusal of the Government vy accommodate it with a loan of, five million yen: This the autho fies refused to do because @ new financial policy was then being worked out—namely that the authorities decided not to pull a {private firm out of trouble, preferring rather that the firm'in diffi [eulties"should "be eliminated than that it should take others in its \tvain when it collapsed. Unable to this Loan, the Takata Shokai Thad to confess that it was in financial difficulties and could carry on Ino more.

The Japanese papers, generally speaking, do not take a very roseate ow of Takats's failure which they think is bound to hurt Japanese business abroad. The principal creditors of Takata and Company Jare the Mitsui and Mitsubishi com-punies, both of whom have large Hinterests in foreign lands. If Takata fails to pay these, it natural that they will suffer to some. jexten—the Japanese papers say "to serious extent."

Then foreign bunks—the Hon) kong & Shanghai Banking Corpora-ition and the International Banking Corporation—are also involved, and unless some means is devised to enabl Takata and Company to pé 5 liabilities, the business rebut: tion of Japan cannot but suffer:

Takata's creditors, both in Japan and abroad, have been very. sympathetic towards the Jupanese firm. 'A commission of ten has been appointed, consisting of the principal creditors, including the manager of the International Banking Corporation (representing Amerizan, interests) and a representative of [the Hongkong & Shangha Banking Corporation (ro preventing British find some meums and Company can and its creditors reimbursed.

Text read from the printed page and cleaned; old type leaves the occasional error.

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