"An unusually lucid description of the two corporations, their organization and their purposes, is given by Mr. Ryoichi Hirota in an article the January issue of the magazine Hanashi." His article, translated, is as follows:
The Japanese War Minister, Lieut.- Gen. Itagaki, declared, last August, that the finest fruit of the China Affair will come from the blossom-ug of hope for the establishment of an unshakeable economic bloc among Japan, Manchoukuo, and China. ~The two main arteries of the great Srganization to promote Japan's economic activities on the Asiatic conment are the two governmental cor-Jorations, named North China Development Company and Central China Rehabilitation Company.
These companies are called Kokusaku Kaisha, or national policy com-sanies, which means companies hav-ug for their objective the execution of Japan's national policies in China. They are semi-official organizations. Business organizations now in ex-stance in China, and also all business arms to be established there in government.
The North China Development Company is expected to invest in subsidiary companies under its control to the extent of Y.880,000,000, including properties other than cash, during the five fiscal years beginning 1938-9. Moreover, the subsidiaries will need substantial funds which they may disburse at their own discretion.
Text read from the printed page and cleaned; old type leaves the occasional error.