Together with the building connes the formation of new companes, the most recent one being the Manchuria Aluminium Manufacturing Ca,, with 1 capital of 28,000,000 yen half paid up. The shareholders include the Japanese aluminium me terests, the Manchoukuo Government and the SMR. The industrial pro~ gramme for this latter, Japan's fnreatest undertaking, was announced about a month ago. Coal liquification is now under construction. 'The Coal Mining Ca., whose capital was to be Increased from 16,000,000 to 40,000,000 yen, has now decided on 100,000,000 yen' as the suitable faure. Produc: ion of automotive equipment and lreraft materials, manufacture of staple fibre as a substitute for wool, development of additional "tight metal" enterprises and exploitation on an increased scale of iron deposits are the cl'ef items of this programme, Shvep-raising on an enlarged scale with improved breeds, which it
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