IRON INDUSTRY IN JAPAN

Dominion, Volume 34, Issue 64, 9 December 1940, Page 7

IRON INDUSTRY IN JAPAN

Effect Of U.S. Embargo HEADS OF LARGEST FIRM RESIGN (By Telegraph.—Press Assn.—Copyright.) (Received December 8. 5.30 p.m.) TOKIO, December 7. All the directors of Japan Ironworks. the largest firm in the country, have resigned as a result of the Australian and United States embargo on the export of scrap iron to Japan. The chairman. Mr. Hachisaburo Hirao, said that in view of the embargos the iron industry must be reorganized "in order to cope with the new situation." "A selfsufficiency iron policy must be formulated for Japan. Manchukuo and China," he said.

The Emperor lias installed Mr. Kuinararo Honda, formerly Ambassador to Germany and Turkey, as Ambassador to Nanking, succeeding General Abe. It is learned that Admiral Nomura, tlie new Ambassador to the United States, is planning a visit to China before going to Washington, presumably to obtain first-hand information in order to make effective endeavours at Washington. He is scheduled to leave for the United States on December 2S, but tlie China trip may delay him until late in January. His exact itinerary in China has not been announced. Two hours before the arrival of General Abe on a tour of inspection, three Chinese shot and critically wounded Mr. IlMtoatse, the newlyappointed chief of the General Affairs Bureau, states a Hankow message.