Japanese Power Bill Is Bitterly Opposed Tokyo, Feb. 10.
The South Manchuria Railway Company will shortly plunge into major ale activity in North China.
Mr. Yosuke Matsuoka. its President announced that he had reached ement with the Government regarding the firm's role in the construction and maintenance of ways in North China, The wil operate through a projected semi-official Japanese concern, entrusted with managing railways and other transportation facilities in North Chins The Japan Economic Federation to-day sent petitions to the Government and the Diet expressing oppo: tion to the bill for the state control of the electric power industry which, they assert, "runs counter to the Jepanese idea of private ownership and blights the enterprising initiative of the people."
The Japan Chamber of Commerce and Industry and the Japan Economic Federation have announced their opposition to the "Socialist" measure which is backed by the Government d the Army. If passed, the bill will reduce electric power rates by ten per cent. the first year, by 28 per cent, within five years.
A resolution proposing ce-operation with capitalists "for the nation good" will be proposed at a ma: meeting to be held here to-morrow under the auspices of the Japan General Federation of Labour.—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.