Mukden, Sept, 29.
Oficiat announcement of the long awaited reorganization of the 'South 'Manchuria Railway has been published and will take effect October Broadly, according to the explanation of Mr, Matsuoka, the present activi-tes may be classified into' two departments, namely railways and Industry, The present programme. will draw a line of demarcation between these two which though they may seem to function separately will maintain the closest possible cooperation. economic emplee which was reported, The dismembering of Japan's hu
advocated in army circles' seems to have been postponed, though the army's aversion to capitalism has! merely been shoved into the back-stound by their demands for cash. 'The stability of the South Manchuria Railway Ca. provided not only funds: fand staffs for experiments on a scale which smaller institutions could' not risk, but also by its recognized earning power. and. stability possesses a Borrowing power mast necessary for the development of industries in this new country, The anti-capitalist en= thusiasts who sought to carve up the company to suit their own economic theories apparently have stayed thei hands, though the new reorganization may be likened to chalk lines on the body, to Indicate where the cuts can be made in future.
Text read from the printed page and cleaned; old type leaves the occasional error.