CO129-575-3 Japanese affairs 2-1-1939 - 21-12-1939 — Page 76

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Iizuka Iron Ore Mining Company's properties in Johore,

or to the Hirpon Mining Commany's mines at Francezna

Trengganu, in both of which the Formosa Development

Company was stated to hold an interest in last year's

report.

17. Other interests, of which br. Kato's discouree,

as reported in the prese, makes no

following: *-*

ti

are the

(1) Saracel & Spratly Islande. A few months ago the

Formoes Development Company negotiated, apparently with

success, for the purchase of a thirty per cent interest

in the Kaiyo Kogyo K.I., a company concerned with the

E.

extraction of phoschate reak from the #aracels and/or

the Spratly Islands.

(11) Maheries. In cooperation with Hippon Suisen,

the Formose Development Company has formed two new

fishing companies, one the Takuya Grocze 11.

(Conan

development lahing Commany Company. Jisited,)

Matted,) with

capital of three million yen to operate in the "Couth

eas”, and the other the Tahn Kalyan uissn tes

(Fast Formosa Marine (roducts Company Maited), with a

capital of ¥1,000,000 to operate off the Fast Formosan

coasts- The Former company seems to be partimulsårly

interonted in Tongking Ray. (For fuller information

Nos. 23 and 25 see Tamsul d-apatches to Tokyo/of March 3 and 10, 1939 }

18. Fr. Katoenoluded by touching on the extreme

delicacy with which all questions of overeens development

had to be handled, and on the e at care necessary to

produce no adverse repercussione.

IV. JURRE

LICY A MILITARY INFLUSNGS

19.

For some time past the Formosa Develo›mentÉ

Company