The Archive · 1938

Ownership of Railways

Mr, Ian Hannah, National Government member for the Bilston Divi-[sion of Wolverhampton, drew atten-Hon to the fact that the Japanese Government had presented the basic [shares in the railways of North and Central China to Japanese charter The value of these shares, he said, Mr. Hannah urged that.a protest should be made against such action on the part of the Japanese Government, og "such shares have priority lover British capital invested in these Mr. Butler stated in reply, that [charter companies could not be formed until October, and quoted a Japanese press report that the drat JArticles of Association provide that {the Japanese Government.subseribe '¥.175,000,000 and '¥.50,000,000, halt the total of capitalization of the North China and Central China companies respectively, and from these amounts '¥.30,500,000' for the Central China company would be in the form of railway} rolling stock—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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