S.MR. to Transfer Heavy Industry Control Tokyo, Oct. 20. oMcialy announced to-day that the Japanese Government has approved a plan for Manchoukuo to organize a semi-official holding compony, capitalized' at ¥.£50.000,000, for the ce-ordinated development of heavy industries in Manchoukuo.
The new company, supported by the Japanese and Manchoukuo governments, will have its capital subseribed equally by the Manchoukuo Government and the general public jand will manage the iron and steel, ight metal, automobile, aircraft, and mining Industries by attracting foreign investment.
understood the South Manchuria Railway, Company will trans-for its capital invested in subsidiary companies engaged in the iron, automobile, mining and light-metal Industries, to the new holding company, which, according to the official announcement, "is destined to play leading role in the execution of plan."—Reuter.
Manchoukwo's five-year industrial
Text read from the printed page and cleaned; old type leaves the occasional error.