In the near future a new ¥.50,000,- 00' Colonization Ca. is to be estab-shed at Changehun. The present Manchurian Colonization Ca. capital-20d at ¥.18,000,000 will be absorbed. The government of Manchoukuo Is scheduled to put up ¥.15,000,000, matching the contribution from the Japanese Government. The South Manchuria Railway is to invest ¥.10,- }000,000, Mitsui, Mitsubishi and Sumitomo are scheduled to provide the ¥.10,000.000 balance. The new company will be authorized to issue debentures up to the total amount of "¥.500,000.000, In order to raise funds needed. to nance its plans. It is expected that the Tokyo and Hsinking, Governments will guarantee the refunding of capital expended in the purchase of the Company's debentures, Jor which it is proposed to float the first ¥.210,000.000, within five years. The corporation' will be "A" nonprofitable one," but a preferred Jdividend, the source of which is not stated, Is to be paid on script held by the general public.
Commendable efforts are made to acquaint the general public with all the ambitious plans conceived here, and reports In rear detail as to the Fesulls accomplished are available. Although "it ig not astonishing that the new regime should comment favourably on the result of its own efforts yet frank criticisms have been known to appear. To cite only one Instance—the service records of a group of motor trucks, manufactured by the company which monopolizes that Industry here, were hardly the sort of copy that the sales manager of any other factory would welcome in his advertising.
Text read from the printed page and cleaned; old type leaves the occasional error.