89
Nanko Koshi, another subsidiary, in which the Formosa
Development Company holde 230,000 worth of shares out of
the e total capital of 1450,000, is selling/produets of the
Formosan Monopoly Bureau, and also, aparently, supplying
the Bureau with some raw materials. Ng Kato made no
mention of the liquor factory now just completed, or the
cigarette factory whose construction is shortly to be
undertaken, by Hanko Joshi et Anoy.
14. French Indo-sibing.
"ention was made in last
year's report of the foreign subsidiary, the French
Indo-China Industrial Company, which was formed in 1937
as a French company with head-office at Hanoi. Mr. Kate
states that this company brought into Formosa considerable
quantities of iron ore and manganese in 1938-39, and a
great increase in the supply is expected in the current
business year,
16.
My Lato states that an officer of the
Formosa Development Company was stationed in Siam in 1987,
investigating conditions for cotton cultivation, which
were stated to be hopeful.
As a result of his report,
the Company has purchased an estate sixty kilometers
west of Bangkok, a part of which has already been planted
with cotton with plete suc¢EBB® During the present
year cotton sereage is to be increased, and a ginning
mill will also be built on the estate.
16. straits Satilamenta ete
Eato states that
a good deal of iron ore was imported last year from a
Japanese eompany in Malaya, in which the Formoes Develop-
sent Company is interested.
The importe will be
does not nene
increased during the ourrent year.
the Company, but presumably be refers either to the
Iisuka
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