The Sino-Japanese Scheme of Joint Working: Japan to Supply the Capital Tokio Aug. 16.
Prominent business men of Tokio and other cities were invited to a conference yesterday afternoon Count Uchida, Minister for Foi eign Affairs, to discuss the organtion of the Japanese syndicate for the control of the Shantung mines conjointly with Chinese business men in accordance with the Shantung Agree "The plan for the joint control of the mines," said the Foreign Minister, "is that China offers the Chinliehchen and two other mines, while Japan provides the required capital of $5,000,000. Negotiations now proceeding between the Chinese and Japanese representatives concerning the details of the joint control which will come into effect upon the organization of the Sino-Japanese syndicate. The Government does not propose to interfere with the plan of organization, but would like the promoters to hear in mind that the object of the enterprise is Bino-} Japanese economic development.
Speaking on behalf of the busi-! ness interests, Dr. Takuma Dan, of the Mitsui Company, promised' the authorities to report on a concrete plan of organization later.
The Government was represented at the conference by (besides the Foreign Minister) the Vice-Foreign Minister, the Chief of the Asiatic! Affairs Bureau and other officials. Among the business men present were Mr. Tsomura of the Hokkaido Colliery Ca., Mr. Kimura of the Mitsubishi, Mr. Kadono of the! Okura firm, Mr. Wada of the Fuji Gas Ca.. Mr. Hori of the Osaka Shosen Kaisha, Mr. Kuhara of the Kuhara Mining Ca., Mr. Ishizuka of the Oriental Development Ca., Mr. Kaneko of the Suzuki-firm and Mr, Hayakawa of the South Manchuria Railway Company.—Reuter, Tokio, Ang. 2%
With regard to the establishment of a Shantung Mining Company under Sino-Japanese joint management, Japanese business men cou-cerned yester afternoon held a meeting. at which they made the following arrangement:
(1) That this Company shall be carried on by Japanese and Chinese business men as a private wndertaking, pure and simple.
(2) That the capital, which is estimated at ¥.20,000.000. shall) he equally shared by Japanese and Chinese business men.
(3) That this: Company shall be established in conformity with the Chinese laws, with its head-office at Tsingtao.
(4) That this Company shall have 10 directors and four in. spectors, who are to be elected from among Japanese and Chinese busi-
Text read from the printed page and cleaned; old type leaves the occasional error.