HEAVY INDUSTRIES
CONTROL IN MANCHUKUO
JAPANESE AND AMERICAN
INTERESTS
(United Press Association—Bj Electric . Telegraph—Copyright.)
(Received November 16, 3 p.m.)
TOKIO, November 15.
The Domei'news agency reports that Gisuke Ayukawa, the president of the Japan Industrial Company, controlling the development of Manchukuo heavy industries, has brought from there plans for a huge holding company to have a capital of £175,000,000. One-third js to be advanced by Japan, one-third by an American syndicate including a "certain financial organisation," ,and one-third by Standard Oil, Ford, and General Motors. Sixty milr lions are to be devoted to the iron industries, a similar sum to aircraft and motor industries, and. £30,00.0,000 to the light metals industries.
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https://paperspast.natlib.govt.nz/newspapers/EP19371116.2.83
Bibliographic details
Evening Post, Volume CXXIV, Issue 119, 16 November 1937, Page 10
Word Count
111HEAVY INDUSTRIES Evening Post, Volume CXXIV, Issue 119, 16 November 1937, Page 10
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