LOOKING SOUTH.
JAPANESE ACTIVITY.
Elaborate Plans for Economic Advancement. FORMOSA AND PHILIPPINES. United Press Association.—Copyright. (Received 11 a.m.) TOKYO, June 12. According to the "Hochi Shimbun" newspaper Japan aims at economic advancement by the establishment of the Formosa Development Company, with 30,000,000 yen capital, and the South Seas Development Company with capital of 15,000,000 yen. The latter is based on Japan's mandates in the Pacific. Both companies will co-operate in a huge, semi-official Oriental development company, and the existing South Seas Exploitation Company in order to develop industry and colonisation, not only in Formosa, but "in the south as a whole." The Oriental 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 in education and tourist visits. Diplomatic negotiations are also being conducted to extend Japan's interests in Siam, Dutch Borneo, Sumatra and New Guinea.
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Auckland Star, Volume LXVII, Issue 139, 13 June 1936, Page 9
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161LOOKING SOUTH. Auckland Star, Volume LXVII, Issue 139, 13 June 1936, Page 9
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