ECONOMIC ADVANCE
JAPANESE AIMS SOUTH SEAS DEVELOPMENT 3IIGKATIOX SCHEME United Press Association—By Electric Telegraph—Copyright. (Received June 13, 10.40 a.m.) TOKIO, June 12. According to the "Hochi Shimbun," Japan aims at economic advance by the establishment of the Formosa Development Company, with capital of 30,000,000 yen, and the South Seas Development Company, with 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-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 Development Company is planning the migration of 20,000 families to Formosa in the next ten 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.
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Bibliographic details
Evening Post, Volume CXXI, Issue 139, 13 June 1936, Page 9
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165ECONOMIC ADVANCE Evening Post, Volume CXXI, Issue 139, 13 June 1936, Page 9
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