Tokyo, Feb. 4.
definite programme for the management of electric power and other industrial enterprises in Central China is rapidly being put into final shape by Japanese firms organized {for the purpose, according to leading Tokyo financial' dailies.
The broad scope of the reconstruc-lon program, to be put into opera: don In nietropolitan centres, includ~ ing the Shanghal-Nanking-Hangchow district, was revealed with the publication by the "Nikkan Kogyo" of detailed Information concerning. the companies' policies and capitallza~
"Another disclosure of paramount Interest. was made by the "Chugai /Shogyo," leading commercial journfal, which said that the Japanese Government was considering the establishment of a new banking organization for central and south China, and a development company to take part in the operation of gos works. power and water supply projects, and other private industrial enterprises.
Plans were being worked out, the "mikkan Kogyo" stated, for the organization of the New Sentral Chine Electricity Company by the Central China Electricity Gulld, established on Jan. 10 for electric power and lighting businesses in Central Chino, including Shanghai, Nanking and Leading Japanese power concerns will form the new company, eapltalized at ¥.45,000,000 for the present, with its coated in main office 'The North China Electric Power: Development Company of 'Tientain was preparing to boost its capi from" ¥.5,000,000 to ¥.50,000,000, and may be merged with the new Central 'China' company, forming a concern capitalized at ¥.100,000,000, the paper stated.
Prominence was given to reports that the New Central China Eleetricity Company will take over the Chapel Electricity and Waterworks Company in Shanghai, and absorb 000 and its equipment has a genera ug capacity of 47,000' kilowatts.
Management of other companies in the area between Shanghai and Nan-King will be assumed by the New Gentral China concern, it was expected. Plans for the operation of the new concern are being formulate ed by Mr. Eilch! Okabe, managing director of the Tokyo Electric Light Company, who recently went to Shanghai' in company with a member of the Japan Electric Power
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