South Seas Development Ca. to Group Interests Tokyo, Jan, 20, Pearl fishing and the more important industry of fishing for mother-of-pearl shell are likely to be placed on a more efficient basis shortly.
The South Seas Development Company, an important semi-official Japanese corporation, is understood io be planning a merger of existing interests into a consolidated company with a capital of Y.10,000,000.
Fishing for mother-of-pearl shell is at present carried on in the South Pacific by a number of small Japanese concerns. These work from bases in Micronesia, the Japanese mandated islands lying just north of the Equator.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.