Agreement on the formation of a Manchoukuo investment syndicate reached between Mr. Olivier, French financier, and the Sowh Manchuria Railway Ca. on March has finally approved by the French and Japanese authorities, it was ported to-day.
It is said that the syndicate witl be named the Manchoukuo Franco-Japanese Tavestment Ca, and will engage in general trade and real testate, Some sources say that the Syndicate will also be entrusted by the Manchoukuo Government with the river conservancy work in the country.
The capital of the firm, according to these reports, will be contributed equally by the financiers of the two countries, although it is expected that the French investment will be increased If the profits justify it.
The headquarters of the company will be located in Tokyo, with its main branch in Changehun. Tha syndicate will be directed by a board of twelve directors, equally divided between the French and the Japan The managing director of the firm will be a Japanese, and his assistant will be a Frenchman—Rengo. ably," a Foreign Office spokesman id' to-day, although he was not permitted to reveal details of the talks between the Japanese Foreign Minister, Mr. Koki Hirota, and Constantin Yurenev, the Soviet Ambassador.
'The spokesman said, however, that roth sides have agreed upon' principal. provisions, although some Cine. will be required to settle the detail Tt was revealed that the Manchou-authorities have requested. prohibition of newspaper reports of the Begetiatons, ba, thet the "Forlgn Office is opposed to such a course, wherefore no restrictions have. been imposed.
The Gaimusho spokesman, was tunable to predict on what date the agreement will be signed—United Press.
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