Tokyo, Nov. 29. exploitation of North China in cons sonance with the open-door polley.
'3. All plans for the economic and industrial "development of North China will ber incline with the industrial policies of Japan and Manchoukuo, so that all' three sun-tries will form a single ceonomlc unit '4. While private investments and management' will be allowed" principle, on a liberal basis. the baste Industries and national defence. inx dustries will be placed under Japat fee control, on a monopoly: basis, Allocation of Monopolies 25 The iron industry is to be managed by the Japan' Tron Manufacturing Company, the coal industry by representatives of the Japanese Colliery Federation, transportation, facilities by the South Manchuria Railway, the electric power industry by the Japan Electric Power Federation; the telephone and telegraph. systems by the Manchuria Telesraph and Telephone Company, the salt industry by the China Development Company, and the North China col fon industry will be under the joint management of the Japan Spisners Association, the Japanese Spinners Association' of China and the Chi Development Company. a Japanes capitalized and controlled: concern, 6. To control and supervise all of these enterprises, a supreme controlling company will be set up, The interests of each of the above-mentioned companies "and organizations will be represented in this supreme company. All plans of. different companies are required to obtain approval from this supreme company.
Japan will make arrangements under which funds may be supplied Mberally for these enterprises and also give certain guarantees with Fespect to safeguarding their activi. tes, while the enterprises will be given certain privileges—Router.
Text read from the printed page and cleaned; old type leaves the occasional error.