The Archive · 1934

Life Insurance Monopoly Now

Changchun, Nov. 14.

'The establishment of joint' Manchoukuo-Japanese Ife insurance com= pany, which would. monopolize the feld, is planned by the Manchoukuo Government Tt is revealed that the Government has already completed the drafting of special law setting up the monopoly, and, a3 soon as 1 fan ordinance will be p joint concern to engage in the lite Ingurance business—Hengo.

New ar lit Declared Mukden, Nov. 15, The revised Manchouleuo tariff, which becomes effective on November 22, affects 108 items and involves both Imports and exports, "The tariff was published at the same! time as the new Oil Monopoly Law which consists of 20 clauses.

The all monopoly law states that gasoline, Kerosene, light and heavy. lls and all substitutes which are. Inter to be refined shall become a government monopoly. Their manu facture, impor, and export shall only, bbe permitted under licence and, when manufactured or imported, must be sold by the government.

Half the text of the law is devoted to the penalties that are to be imposed In cases of violation.

'A supplementary clause states that the date of enforcement of the monopoly shall be fixed by the Ministry of Finance.

'A second law, to be effective simul taneously with the frst, provides that the government shall' purchase all equipment actually used by importers fand dealers, If it is registered with, the authorities within s month of the date on which the monopoly law enforced. 'The prices to be paid Shall be determined by' e committee Spselally set up for the purpose:

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

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