The Archive · 1938

Nationalization Measure Forced Through

IN TOKYO DIET

Tokyo, Mar. 8.

"Heated discussion over the Nationalization of Electric Power Bill took place in the Upper House this~ morning.

Dr. Joji Matsumoto, an authority on commercial code and formerly Minister of Commerce and Industry, denounced the Bill from a technical viewpoint, alleging it contravened constitutional i and infringed the of the holders of foreign loans and debentures floated by. electricity companies.

These, he said, would become member companies of the Japan Electric and Transmission Company to be organized for State control of the Electric Power industry.

"The Government is, as it were, attempting to control the electric power industry without spending anything," declared Dr. Matsumoto in. an interview with the press to-day.—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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