The Navy needs oil badly, and there is elf below the equator. The Navy needs rubber, tin, and the Ne ther lands East Indi the world's supply. modities, "And A produce most of these two com= nally, Tokyo, Mar. 5.
'A "Japan Air Transport Company" Dill, the object of which is to cncourage and give ancial assistance to Japanese civil aviation In Japan, Manchoukuo, Mongolia and China, will shortly be introduced to the Diet The bill states that:
The main business of the "Japan Air Transport Company" is. to. promote aviation activities in Japan, Manchoukuo, Mongolia and China and to give financial ald to other alr services, Hatnan Island ig only a few hundred miles from French Indo-China, It an. aeroplane flew the short route from the Pelew Islands (Japan-ere mandated) to Hainan, it would almost directly pass Manila, The United Press has Learned that French Military and Naval attack in Tokyo both called upon the Arm; and Navy headquarters here, respec tively, to reject, on the basis of their information as military men, the cell Japanese explanation for the occupation of Haina 'The oficial explanation, ax handed to the French, American and British 'Ambassadors, used such. terms 95 "military necessity." "self defence," and "Chiang 'Kal-shek our sole obfective", But some diplomats, with En eyo to the future, were' more worried than they have been at ~any time since the outbreak of the pres ent war. One of them said privately that the future of rich third-pewer colonies in the Southern Pacific now depended on, whether oF not the ppansionist clique within the Navy comes into absolute control.
"The company will be capitalized at +¥.100,000,000 of which ¥.37,250,000 is {0 be invested by the Japanese Gov-
The board of directors is to be appointed by the Government.
The Company is authorized to issue debentures up to twice the amount ff the paid-up capital.
The Japanese Government will guarantee the payment of the prin Cipal and interest of such debentures.
The Company will be exempt from Incomestax and the business-profit Japanese People to Be Urged to Save
Text read from the printed page and cleaned; old type leaves the occasional error.