Tokyo, Oct. 15.
The loss of five machines in two air raids on Nanking on Tuesday, October 12, was admitted in a communique issued to-day by the Admiralty on Japanese naval aircraft activity in. China The statement. claims that eight Chinese planes were brought down on the, same day.—Reuter.
Osaka, Oct. 16.
With the Chinese and Japanese armies still locked in deadly combat in North China, leading industrial and financial organs here to-day continued drafting ambitious plans for the development of the region's vast economic resources.
Mr. Shinji Sago, president of the 1Y.50,000,000 Hsing Chung Kungssu, the leading Japanese investment concern in North China, arrived here yesterday to present to the industrialists here his firm's extensive industrial projects.
Interviewed by Domei, he revealed that the concern's technical experts were putting finishing touches on plans for the erection of a huge power plant on the Yungting River, which dissects Hopei just south of Peiping and Tientsin. His firm, he disclosed, seeks to merge small power concerns in Hopei into a joint Sino-Japanese enterprise, capitalized at Y.3,000,000.'
The joint Sino-Japanese power firm, established in Tientsin last year despite the Nanking Government's strong objections, will continue to operate, he added.
Text read from the printed page and cleaned; old type leaves the occasional error.