1940-02-29 — Page 3

THE CHINA MAIT, FEBRUARY 29 1940.

JAPANESE BID

FOR MONOPOLY

EXPORT CONTROL

Osaka, To-day. THE JAPANESE AUTHORITIES in central Ching

have taken steps to restrict or absolutely prohi hit the shipment of certain materials produced in the Becupied gregs of China to Shanghai of elsewhere outside the occupied zone, on the ground that they are important for military pur poses, it is learned by the Municipal Industrial Department here.

This policy is said to aim at securing an adequate supply of Chinese staple materials required by Japan. Materials listed include iron materials of all kinds, copper, brass, tin wares, coal, hemp (ramie), raw, cotton, hides, leather, vegetable oils, bristles and tea.

1. M

In addition to establishing special, sidised Japanese "national policy" firms to buy export to Japan of these company with a capital of 73,000,000 products, special treatment in handling yen, formed in August 1939 by the such restricted or prohibited articles Japanese Ministry of Communications has been accorded to a number of im- and ten leading Japanese steamship portant Japanese concerns,

companies to conduct shipping busi- Even with such special privileges ness between Japan and China along these concerns are expected to re the coast and inland waters, is said to ceive a severe setback if the Yang-be doing a brisk business with bright tee is opened to general traffic, says prospetts for the future. Reuter. the "Japan Times," as Chinese and Third Power Industries and traders in the Yangtse Valley have the ad- vantages of big capital, Tong tradi- tion and a firm foothold,

SPECIAL CORPORATION Hence it is being urged that the Japanese concerns should be merged.

POINTED

VATICAN

into a strong special corporation with COMMENT

a large capital supplied by the Ja- panese Government and powerful Ja-

VATICAN CITY, TO-DAY.

panese interests to exercise control THE FACT, THAT NO REFER- over the various Japanese industrial | ENCE TO SOLIDARITY, WITH FIN- and commercial establishments' in the occupied areas in China to enable them to meet such competition.

...

In connexion with this plan to 'monopolisë” ` Central China ex- ports, a Sino-Japanese hemp (ra- mie) corporation is planned. A financing syndicate composed of the principal banks in Japan is being formed to make a loan of 25,000,000 yen to the parent con- cern, the Central China Develop ment Corporation. Meanwhile the Toa Kaiun Kaisha (China Navigation Company), a sub-

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The paper says that the neutrals are not entirely without defence in this war, for Scandinavia supplies essential war materials to the belli- gerents.

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