JAPAN LOOKS SOUTH

Dominion, Volume 29, Issue 221, 15 June 1936, Page 9

JAPAN LOOKS SOUTH

Tasks For Big Companies COLONISATION AIM Tokio, June 12. According to the “Hochi Sbimbun,” Japan aims at economic advance by the establishment of the 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 being based on Japan’s mandates in the Pacific. Both companies will cooperate with the huge semi-ofliciai 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 Development Company is planning the migration of 20,000 families to Formosa in the next 10 years as the beginning of a larger scheme, and also to exploit South China’s resources and develop closer relations with the Philippines, especially through education and tourist visits, while diplomatic negotiations will be conducted to extend Japan’s interests in Siam, Dutch Borneo. Sumatra and New Guinea. JAPAN AND BRITAIN Desire For Friendship (Received June 14, 6.30 p.m.) Tokio, June 13. Maintenance of the traditional An-glo-Japanese friendship was the watchword given by Mr. Shigeru Yoshida, newly-appointed ambassador, before leaving for England. With a view to ending certain misunderstandings, Mr. Yoshida, says the newspaper “Ashai Shimbun,” will have conversations with British authorities centring on the “non-existence of Japan's territorial ambition.” The “Daily Telegraph’s” Tokio correspondent says that Sir Frederick Leith-Ross, British Economic Adviser, following talks with Japan, says he has been assured that Japan will not interfere in British interests in China, and that Japan desired a better understanding with Britain and a revival of the old friendship.