JAPAN’S AIMS

Ashburton Guardian, Volume 56, Issue 207, 15 June 1936, Page 5

J APAN’S AIMS

GREAT ECONOMIC ADVANCE.

EXPLOITATION OF THE PACIFIC.

LARGE COMPANIES MOOTED.

(United Press Association—~Copyright.) TOKIO, Junei2.

According to the newspaper “Hochi Shimbun,” Japan aims at economic ad’vance by the establishment of a Formosa development . company with a capital of 30,000,000 yen, and the South Seas Development Company with a capital of 15,000,000 yen. The latter will be based on Japan’s man—dates in the Pacific, Both companies will co-operate in a huge semi—official Oriental development company and tlfe existing South Seas Exploitation Company in order to develop industryr and colonisation, not only in Formosa but “in the south as a whole.” .The Oriental Development Company is planning to migrate 20,000 families to Formosa in the next 10 years as the beginning of a larger scheme, also to exploit South China’s resources and develop closer relations with the Philippines, especially education and tourist visits, while diplomatic negotiations are conducted to extend Japan’s interests in Siam, Dutch Borneo, Sumatra and New Guinea.