The Manchuria Petroleum Ca.. has increased its capital to Y.20,000.000. The alcohol monopoly which has just been established will assist in solving the fuel problem, when the Government enforce their plan to mix alcohol! in their motor spirit The pulp industry is of vital importance to Jap: who is obliged to import over 80 per cent. of the raw material for her rapidly expanding rayon industry Four pulp companies in eastern Manchoukuo are expected to consume about 8,000,000 cubic feet of timber. At Yingkow the Kangteh Pulp Ca. are utilizing the reeds which abound along the lower Líao River. The Antung Paper Co,, is making paper from hemp refuse and the Manchuria Pulp Manufacturing Ca., expects to put out 10000 tons a years from its new factory at Kaiyuan using bean husks ior raw material.
The principle of "one large company for each major industry" has not been realized, but the unification principle is being carried out. The government intends to urge light industries and textile manufacturers to organize a control association within each industry. At present the Department of Finance and Commerce is planning to induce oil and flour gunny and tobacco factories to organize separate associations for regulating their supply of materials and the distribution of their products and for controlling, exportation and importation of these goods.
In this connection the announced reorganization of the Toa Tobacco Ca., is of interest. The parent Ca., capitalized at Y.11.500,000 retains its Dairen plant. A newly established Manshu Toa Tobacco Ca., ¥.25.000,000 fully paid up, takes over the Mukden and Yingkow plants and all their business in Manchoukuo, while the new Huapei Toa Tobacco Ca., takes over the Tientsin plant and the ne Chinwangtao factory. dependent action by the United States does not mean that its foreign policy will not be ce-operative in its effects, nor does it rule out the leadership of example in the search for peace. American policy is not aimed merely at the defence.' of American interests. it is directed to the preservation of international standards upon which America and the world depends. But in the support of those international standards American activities will be determined by America herself. Other countries pledged to the support of the same international standards will find that action along "parallel" lines with frank exchange of information and ideas has all the advantages of the ce-operátion and "joint action" which they propose, and can carry the world further towards its goal because it does not arouse the instinctive distrust of the American public.
Text read from the printed page and cleaned; old type leaves the occasional error.