EXPANSION BY JAPAN

Press, Volume LXXII, Issue 21809, 15 June 1936, Page 11

EXPANSION BY JAPAN

COLON IS ATIOTIV AND INDUSTRY DEVELOPMENT COMPANIES TO OPERATE TOKYO, June 12. According to the newspaper “Hochi Shimbun,” Japan aims at economic advance by the establishment of a Formosa Development Company with a capital of 30,000,000 yen, and a South Seas Development Company with a capital < of 15,000,000 yen. The latter is based on Japan’s mandates in the Pacific. Both companies will co-operate with the 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 also “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, to develop closer relations with the Philippines, especially in education and tourist visits, while diplomatic negotiations will be conducted to extend Japan’s interests in Siam, Dutch Borneo, Sumatra, and New Guinea.

FRIEND OF BRITAIN

NEW AMBASSADOR’S VIEW “NON-EXISTENT AMBITION” OF JAPAN (Received June 14, 8.48 p.m.) TOKYO, June 13. The maintenance of the traditional Anglo-Japanese friendship was the watchword given by Mr Shigeru Yoshida, newly-appointed Ambassador to Britain, before he left for England. To end certain misunderstandings, says the newspaper “Asahi Shimbun,” Mr Yoshida will have conversations with the British authorities centripg on “the nonexistence of Japan’s territorial ambition.”

AGAINST AUSTRALIA

TOKYO, June 12. The Tariff Commission decided to invoke the safeguarding law against Australia, but leaves the date of operation to the Government.