Changchun, Dec. 26.
Revised regulations governing the control of companies and corporations in Manchoukuo were expected today to be put in effect on January 1.
Three major changes are contained in the revised regulations:
1. Sanction of the Ministry of Economics of the Manchoukuo Government will be required to float loans of more than Y.100,000 or on other items involving more than ¥.100,000. This is- one-fifth of the present amount.
2. Capitals of companies corporations, or private firms amounting to more than ¥.50,000 also must be authorized' by the Ministry of Economies. The present amount is Y.100,-
000.
3. A company with a capital of more than Y.200,000 must obtain permission from the Ministry when paying dividends of more than 8 per cent. a year, Under the regulations, a permit will not be necessary when loans are deferred. When the payment of dividends is deferred, the company may pay up to one per, cent. above the 8 per cent. at a later date without obtaining. authorization.
Anoher law was expected to be enforced soon covering special companies and semi-special firms.
Regulations to be put into effect on January 1 are similar to the law of fund adjustments in Japan—Domei.
He pointed out that Japan remains an important market for United Stetes cotton, inasmuch as Germany and Italy are out.
Other sources said that different groups of cotton traders take varied positions regarding the Japanese treaty situation. They said it is known that Japanese trading circles rely heavily on the support of United States cotton men to preserve the present status of commercial relations, since Japan is the leading buyer of United States raw cotton.
However, several important business and political experts said that the raw cotton groups had not extended as much help to Japan as might have been given.
One source pointed out that the United States Chamber of Commerce figùres United States raw cotton éx-ports were only 5.7 per cent. of her total exports. The reports showed that Japanese purchases of United States raw cotton were only 1.7 per cent. of the total United States exports.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.