INDUSTRY AND COLONISATION
BIG SCHEME IN JAPAN '<■ ESTABLISHMENT OF DEVELOPMENT’ COMPANIES (United Press Association—By Electric Telegraph—Copy right) (Received ,13th June, 10.45 a.m.) ■ TOKIO, 12th June. According to the newspaper “Hochi Shimbun” Japan aims at economic advance by the ■ establishment of a Formosa Development Company, with 30,000,000 yen capital, and a South Sea Development Company, with a capital of 15,000,000 yen. The latter is based on Japan’s mandates in the Pacific. Both countries will co-oper-ate 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’Company is planning to migrate twenty thousand 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 with 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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Nelson Evening Mail, Volume LXX, 13 June 1936, Page 7
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166INDUSTRY AND COLONISATION Nelson Evening Mail, Volume LXX, 13 June 1936, Page 7
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