Tokyo, Dee. 13.
Japanese capitalists, as' the result Jot a recent survey of north China, found the conditions there "not stabilized" and commercial possibilities of the region uncertain, according to @ financial writer for the "Hech! Shimbun."
Meanwhile, the writer said, thi Jestablishmeni of the Philippine Com-Jmonwealth has turned attention of JJepanese commercial and industrial leaders southward to the Philippines, south China, Siam and Netherlands india.
As a result, the Ttochu Ca. has or-Jganized the Furukawa Development }Co., with a capitalization of ¥.7,000,- 1000, to develop the hemp and lumbering industries in Davao, in the Philippiness. The Nomura Go. Capi alized at Y.10,000,000, is already Jemploying 6.000 natives and 100 JJapanese In Borneo and Sumatra, cul-Rivating rubber and coconuts. Othe: companies are at present studying the possibilities of economic develop. ment in Siam. The Ishihara shipping land industrisi interests, it is under~ stood, are planning to purchase iron mines and engage in other industrial enterprises in the Kuangchowwan bay "district, south China—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.