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THE CHINA MAIL, NOVEMBER 801988.
JAPAN'S SCHEMES FOR ECONOMIC DEVELOPMENT Important Figure Arrives In Shanghai
To Control New
Monopoly Organisation
Shanghai To-day.
Some interest is being shown by commercial circles here in the arrival of Mr. Kenji Kodama, form- er president of the Yokohama Specie Bank and new president of "The Central China Develop- ment Company," which comprises seven sub- sidiaries incorporated as joint Sino-Japanese enterprises, under the laws of "The Nanking -Government.”
This concern will control in future, mining power, and water supply, inlands shipping, telegra- phic and telephonic communications, real es- tate, motor transport and fisheries, in the ter ritories of Central China, at present occupied by the Japanese.
The holding company has been capitalised with Yen 100,000,000. According to Mr. Kodama, the activities of the new concern do not constitute a threat to the vested rights and interests of foreign Powers, the purpose of the concern lying "solely in assisting in the economic development of Central China."
MR. CHURCHILL REPLIES
Mr. Winston Churchill has issued
Foreign merchants, however, put a statement describing as “silly and a question in this connection. To
whose benefit will this development inept" the accusation made against
be carried out? They have good rea-him by Earl Stanhope, First Lord of son to fear that the present situa-
ར
Lords.
tion, which practically prevents the Admiralty, in the House of business by third power nationals, will continue for a considerable time and that the period of equal opportunities for all may lie in the very distant future.
L
King Carol accompanied by his son Crown Prince Michael drove with His Majesty King George through the City of London to a ban quet which was held at the Guildhall in his honour. King Carol and Prince Michael were on a State visit to England. Photo shows King Carol and the Crown Prince inspecting the guard of honour at the Guildhall, London. (Air Mail. Copyright).
KEELUNG MAY
BE CLOSED TO
FOREIGN SHIPS
GERMAN SHIP CARRYING CHINESE ARMS
London, Nov. 22.
It is not a British but a German
Shanghai, To-day.
here, the Japanese authorities in- According to reports current
tend to close shortly the port of Keelung, on Formosa, to foreign steamer that has arrived at Ran- shipping."
goon with 6,000 tons of arms and ammunition for China, authoritative quarters here said to-day.
Lord Stanhope said the man he blamed more than anyone else for "the situation to-day" was Mr. KODAMA INVITATION Churchill. He recalled that in 1924 Foreign observers believe that he was Civil Lord of the Admiralty foreign merchants are unlikely to and Mr. Churchill was Chancellor take much advantage of Mr. of the Exchequer. "We asked for Kodama's invitation to foreign four cruisers, but failed
to get capitalists to invest capital in the them," he said. various enterprises of the new "OUT OF OFFICE 10 YEARS” company. Commenting upon Mr. Mr. Churchill's statement said: Kodama's arrival the Chinese paper. "I notice with some interest that "Wen Hui Pao" states that Mr. Lord Stanhope said yesterday in Kodama was well known for an at- the course of the defence debate in tempt to bring about closer econo-the House of Lords that the one man mic co-operation between China he blamed more than anyone for the Keelung has been formerly used and Japan before the outbreak of position we were in to-day was Mr. to a certain extent by foreign ships the present hostilities, and that his Winston Churchill.
for bunkering coal, as the price of present visit la undoubtedly con- "This shows how hard put to it coal is usually cheaper there than nected with a new attempt to do so, he and other Government spokes-at any other Far Eastern port. It is when vast Chinese territories are men must be to defend themselves believed that the Japanese wish to occupied by the Japanese. The from the charges of neglect and preserve coal supplies for their own paper is of the opinion that Mr. mismanagement which are made in purposes.--Trans-Ocean. Kodama's mission is bound to fail. all quarters, and how eagerly they searched for someone on whom they could shuffle off some of their res- The paper adds that the Japan-ponsibilities, ese may succeed in circulating mill- "I have been out of office for tary notes in the occupied ter-nearly 10 years. The National Gov ritories of Central China, but this ernment has been in office with will not affect Chinese currency, as overwhelming majorities in both was proved by North China, where Houses for the last seven years. Chinese legal tender notes are still The whole process of. German re- in demand.
armament has manifested itself The paper also believes that Ja-within the last five years. pan is facing too many financial díf-
MILITARY NOTES
Original reports about the al- leged British arms-transport emanated from Tokyo, where it was: declared the ship was bringing
his Lordship In his manifest per-
its cargo from Odessa, Russia. turbation I would gladly take the Here it is stated that the ship responsibility for the naval post-is the Bertram Rickmers which is tion in which we now are:
bound for Mandalay, whence the rightly claim this honour. For good Yunnan via Baho.
"But I cannot feel that I can arms and ammunition are to go to
as well as for ill the responsibility rests with the men who have had the power.
The vessel is loaded with power- ful explosives of German make, it is declared.
"This incursion into the more primitive forms of political con- troversy does not encourage our
While denying despatches de- hopes that the new First Lord will scribing the ship as British, these be an ornament to his great office. quarters add, however, that even "He only, weakens himself for his if the reports were true, they
ficulties herself in order to finance “STRONGER THAN IN 1914” military, operations, and has no "I could not complain, however, capital to exploit the natural wealth of being saddled with the respon of China. Concluding, the states that the only résult of Mr. Navy. It is the only one of our de- paper sibility for the present state of the Kodama's visit will be "to assist the fence services which is in a high highly important duties by making should cause no concern, Japanese military in robbing Chin state of efficiency and which is far silly and inept statements which Even though Great Britain awolda ose Industrialists, but that no Chin-stronger relatively to Europe that discredit no one but himself and sending arms to China, no private dse industrialist will co-operate in 1914.
the Government of which he has ship-captain can be forbidden: to with Japan."Trans-Ocean.
"If it would be any comfort to now become a leading member.” trade with China. —Havas,