The Archive · 1940

Manchoukuo Steel Cos

To Be Reorganized

Tokyo, Sept. 16. olding company created for specific cally that purpose, the Manchuria Industry Development Company, the "Asahi" reports, Yoshisuke Oikawa, President of that company, is already making great efforts to bring the leading subsidiary companies under tighter control. To the present time, such Subsidiaries as the Manchuria Coal Mining Company and the Showa Steel Works have operated more or less independerffly.

Mr. Oikawa has already succeeded to a large degree in the "shake-up" of the Coal Mining Company, all but one of whose d - Good Surplus Expected Despite Crop Below 10-year

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

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