MOVING SOUTH

Manawatu Standard, Volume LVI, Issue 165, 13 June 1936, Page 9

MOVING SOUTH

JAPANESE PROPOSALS. PLANS FOR DEVELOPMENT. MIGRATION PROPOSED. (United Press Association.—By Electric Telegraph —Co pyright.h Received June 13. 10.45 a.m. TOKIO, June 12. According to the liochi 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 based' on Japan’s mandates in the Pacific. Both companies will co-operate with the huge semi-official Oriental Develop‘ment Company and the existing South Seas Exploitation Company in order to develop industry and colonisation, not only in Formosa but in the south as well. The Oriental Company is planning to migrate 20,000 families to Formosa in the next ten years as the beginning of a larger scheme, also to exploit South China’s resources and develop closer relations with the Philippines, especially by education and tourist visits. Diplomatic negotiations will also be conducted' to extend Japan’s interests in Siam, Dutch Borneo, Sumatra, and New Guinea. JAPANESE INTEREST. DOCKING IN SIAM. SINGAPORE, June 12. Reports from Bangkok state that important Japanese interests are bidding for control- of the Banjkok Dock Company, of which the biggest shareholders are United Engineers, Singapore. The reports are unconfirmed, but it is stated that the Japanese are most anxious to increase docking facilities in Siam. Japanese control Malayan iron mining, and since 1921 9,000,000 tons of iron ore have been exported to Japan. The latest extension is an option over «, Perak property valued at 1,500,000 dollars and estimated to hold 7,000,000 tons of ore. JAPANESE FRIENDSHIP. WITH GREAT BRITAIN. Received June 13, 11.50 a.m. LONDON, June 12. Tlie Daily Telegrp.ph’s Tokio correspondent says that, Sir Frederick Leith Ross, following his talks in Japan, savs he has been assured that Japan will not interfere with British interests in China. On the contrary, 6he desires a better understanding with Britain and a revival of her old friendship. AUSTRALIAN TRADE. SAFEGUARDING LAW. Received June 13. 11.50 a.m. TOKIO, June 12. The Tariff Commission has decided to invoke the safeguarding law against Australia, but leaves tlie date of ita operation to the Government.