5, The proposed company is authorized to issue debentures to value five times as much as the paid-capitalization, The Japanes Government shall consider measures, for quarantecing the payments of capital and interest of such debentures, The Japanese Government shall ive a special privilege to the pro-passed company in the registration tax, the income tax and. business profit tax for the year of its eslab-Hishment and for the period of nine years from the following year.
The proposed company shall have one president, two vice-presi~ dents, directors exceeding five in number, and auditors exceeding number.
'The President and Vice-Presidents.g]of the company shall be appointed by the Japanese Government with [Imperial approval, the directors shall be named by the shareholders' gen. eral meeting, subject 10 the approval of the Japanese Government, The Jcompany may have advisers, to be Jeommissioned by the company with the approval of the Japanese Gov
Text read from the printed page and cleaned; old type leaves the occasional error.