The fundamental principles adopted to govern the Japanese di lopment north China are:
To establish a special corporation so t all the essential industries of North China may be effectively controlled.
2. Ins capital structure has not yet been decided but it is understood the Corporation will be formed under a scheme involving Sino-Japanese c operation The North China development under-to be placed under the ce the special corporation to railways, harbour and port truction, construction of high-general transportation faci ties," telephone and tele; systems, the electric power indus and the mining industry (include coal, iron, gold). Enterprises in the spinning industry, cotton growing ud all other similar industries are ig be free to private concerns. 4. The control corporation will be a holding company, under which many corporations will be der the Sino-Japanese joint. pla various lines.
Foreign will be invited to take part in these subsidiary Cor-parations.
6. Regarding railway business in China, the proposed special corporation wi Obtain a franchise from the "Provisional Government of the Republic of China," and, if necessary, a Subsidiary raihwav company mav be established in which the South Man-Churia Railway may be allowed to invest. The authorities will arrange for the S.MLR. to offer technical and cther assistance to the corporation, although the former will not be allowed directly to operate any lines. The coal mining industry will be partially operated by railway the company.
No definite decision has been made so far regarding the China Develnnment Company, a subsidiary of the S.MLR. but it is understood that all investments of that company in the electric industry and development works in North China will be taken Over by the control Corporation the China Development will have to be dissolved And all employees of the company ilt be transferred to the special Control. corporation.
Smooth progress is being made by the newly-created Great Way City Government in governing a wide area, stretching between Paoshan and Chenju, the "Shanghai United News" reported yesterday In the four days preceding December 25, the journal said, this government has opened police stations in Pootung, Nantao, Hungjao, Chapei, Chenju, Woosung and Paoshan.
Petitions have also been received from people in Kaochiao, Tsungming Island, Sungkiang, Quinsan and other outlying areas to take them under the new administration's protective wing.
In Pootung, thousands of villagers congregate daily at the government offices to register their names and occupations.
Shih-wen heads the Great Government, with Mr. Chu "shen. Mr. Kuo Chih-kiang and Chàng Shu-shen respectively directing the bureaux of Peace Preservation, Social Welfare and Communications, Especial attention, the da ily said, is being paid by the new rehabilitation and social of the new Govern-were filmed on December 24 by a Paramount Newsreel cameraman, the journal revealed.
In view of the great daily influx ai people interested in the work of new government, a ferry service has been inaugurated between a wharf next to the Japanese Consulate-General and the Tungchang Road Wharf, Pootung.
No Chinese are allowed to land near the Con-late-General,
Text read from the printed page and cleaned; old type leaves the occasional error.