JAPAN'S INTERESTS

Otago Daily Times, Issue 22907, 15 June 1936, Page 9

JAPAN'S INTERESTS

VAST EXTENSION PLANNED FORMATION OF COMPANIES TOKIO, June 12. According to the Hochi Shirabun, Japan aims at an economic advance by the establishment of the Formosa Development Company with a 30,000,000 yen capital, and the South Seas Development Company with a capital of 15,000,000 yen. The latter is based on .Japan's mandates in the Pacific. Both companies will co-operate 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 20,000 families to Formosa in the next 10 years, as the beginning of a larger scheme, and to exploit South China's resources and develop closer relations with the Philippines, especially as regards education and tourist visits, while diplomatic negotiations will be conducted to extend Japan's interests in Siam, Dutch Borneo, Sumatra, and New Guinea.

FRIENDSHIP WITH BRITAIN TOKTO, June 13. (Received June 14, at 10 p.m.) Maintenance of the traditional AngloJapanese friendship was the watchword given to Mr Shigeni Yoshida, the newlyappointed Ambassador, before leaving for England, ending certain misunderstandings.

Mr Shigeru, says the newspaper Asahi Shimbun, will have conversations, with the British authorities centring on the " non-existence of Japan's territorial ambition."