1947-09-04 — Page 2

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IRENE DUNNE REX HARRISON LINDA DARNELL

ANNA AND THE

KING OF SIAM.

Dircled by

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The OVERLANDERS

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PRODUCED BY MICHAEL BALCON DIRECTED BY HARRY WATT-

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CAGNEY JOHNNY COME LATELY

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GRACE GEORGE MARJORIE MAIN

A WILLIAM CAGNEY PRODUCTION

Released thru United Artists

TO-MORROW

KING'S

THEATRE

Britain's and

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JAMES MASON

in

ODD MAN

OUT

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on

THE HONGKONG TELEGRAPH, THURSDAY, SEPTEMBER 4, 1947.

SQUEEZE APPLIED

TO JAP

THE mighty Zaibatsu, who

with the military clique, dominated Japanese life in the prewar days and more or less ran things to suit them- selves, have fallen to low estate.

Purge, taxes and Allied con- trol of their wealth have blast- ed these monoyed barons, al- to though they are expected survive as the middle class and perhaps in some cases turn into useful citizens.

over

now

JAP ZAIBATSU

Thé Zaibatsu, the once powerful indas- trial and financial money lords of japan, have tumbled with the ruin of tho Jäpanese Empire as a result of the war, Measures have boon^put info oporation by the Allies, to love! their wealth, break up the cartels and to control their futuro activities. This United Pross sur- vey sums up the progress achieved in the carrying out of these measures, and the prosent position of the Zaibatsu.

Headed by the Emperor was a typl- eal feature of Japan's prewar national pattern. This conception was held more and more rigidly as one went up the social scale. It was especinfty strong among tho Zaibatsu.

Each of the old Zaibatsu, such og the

Mitrul and the Mitsubishi, had its own family constitutiòn, à charter going into, great detail

Koverning the affairs of the family

and of all phases of its business cp- terprises.

Besides blood ties, the channish: -ness of the Musuls, for example, A United Press close-up of the 10

was due in large measure to the men who used to be at the top of

famlly constitution, which oxisted Japan's private wealth revealed them

In one form or another, since 1094. as a group of humbled, Individuals,

While this document was in force, as current tending to grumble over

each male member of the 'family conditions, but not irrevocably bitter

came of age, he was required by the ver their personal fate. There seemed a tendency to sub- foreign trade, shipbuilding chemi the process has been completed, the constitution to take this oath, amid ordinate the fall of their financial Cal combines, banking, marine and fotol will swell to the neighbour- elaborate Shinto rites:

"In obedience to the precopts of empires

tires to the ruin of the Japanese fire insurance, trust, and real estate. hood of 0.8 billion yen. After this

10 office the actual process of decentralisa- our forefathers, and in order Empire,

A good part of the land and Under

their bulldings in downtown Tokyo, an tion will begin with sale of the strengthen the everlasting founda the Allied ban on

be securities.

tion of the families of our House activities, these former millionaires, area known as "Marunouchi,"

In effecting these sales, by which and to expand the enterprises bo- "DP" "designated persons" longed to the Mitsubishi real estate

forefathers, I companies. During the war the process

the Commission

will queathed by our will be put under close supervision Mitsubishis heavily launched into gradually dissolve its own financial solemnly vow in the presence for at least 10 years and are per-

production.

voting power, priority will be given the August Spirits of our ancestors manently prohibited from appearing aircraft

All in all, the 10 top Zaibatsu to former Zaihatsu employees, local that, an a member of the House of opala in any public role or as the

members, in the capacity of indivi residents of the area of each com- Mitoul, I will obscrve and follow leader of any financial enterprise.

the regulations duals, owned 1,187,502,000 yen worth pany, creditors, outside stockholders. the

handed down in the of stocks in their trusts and cartels. and the general public. In that or constitution of our House, and that alter The 50 families were in a financial der. The money realised will go to 1 will not wantonly seek to

after government position to rule over a total of 1,491 the

deductions them. In witness whereof, I take

oath and affx important have been made to cover the cost the overy

my signature companies description.

of maintaining the HCLC.

thereto in the presence of the August

of our

ancestors." Bitter Pill

Paralleling the HCLC's activities, Spirits of

In the new National Constitution another step toward diffusion of cor

It is specified that individual of

and dignlly shall serve as the basis of Japan's social organisation.

Only Two In Prison Only two among the "big ten" of Japan's Zaibatsu-multi-millionaire family cartela-have been imprisoned on wer-criminal charges. Punish- ment of the others nevertheless has been so severe that they have been stripped of all power and left in com- paratively shabby clrcumstances.

The Zaibatsu's dislodgment from prewar and wartime financial emin- ence is being accomplished through threefold process with the full back- ing of the Allied Powers.

The steps are:

of

retribution porate wealth in Japan took place adopted in May, 10ssibility

Although the pill of has been a bitter one for the Zal- ousted batau .to swallow, these Japanese industrial magnates

ap- pear to have resigned themselves to their fate.

now

It would be gross exaggeration, to say that any of the Zalbatsu

their feel they entirely deserved all) punishment. Yet none of them has and the freezing of all their property sought to vent openly hla disgruntle

(10

1. Blacklisting of the Zalbatsu

50 families in groups and

for 10 years or more.

la

be

The Allled-Japanese

steamroller levelling the Zaibatsu's wealth the Holding Company Liquidation Commission. Part of its function during the 10-year period will to regulate item of expendi

every ture by the Zaibatsu and to prevent thema

again amassing wealth and attempting a comeback.

The entire controlling stock the 10 groups in their own

family enterprises have been seized and it will be diffused and scattered among outside investors.

of

all

mcat.

in mid-June with inauguration

Co-ordinatingt Securities the Liquidation Committer.

This organisation was created by the Diet last December to supervise, the redistribution of approximately

усп'я worth 20,000,000,000 securities still in the possession five Liquidating agencies of Japanese Government.

of

of

the

bo

With Allied observers attending its One reason for this resignation is meetings, the committee, it was an Lypical Oriental fatalism. Another, nounced. would work out a pro

Japan would undoubtedly, is the fact that most gramme by which residents of every

effete small village In of the Zaibatsu have been figureheads of a system rather than given an opportunity to own a small Japanese counterparts of the self- share in Japanese industry. made occidental millionaire with his Essiveness and enterprise. Also, in spite of their losses, the remnants of the Zaibatsu are still left with enough to live on, in most cases, comfortably.

considerable

NEWSREEL

BYGRAHAM]

TZIKOJJA

"Dad's worried about his bacry. www about the meat out, my brother about his basic, and als about her filma ve things an terrible at home 12

BY THE WAY

by Beachcomber

Identical.

Proinose:

And what, pray, has this licking of pavements to do with having one's car to the ground.

Myself:

Both are manifestations. Paychiatosis,

Mulciber's

USTOMS officials were not licked the pavement, sald laconically. New Men Of Yen

at ali surprised to hear a "Hastings." Subsequent researches sound like a clock factory at proved that the taste of the pave- The prospects of the Zalata full pressure coming from all ment in these two places is almost

their wealth to again gathering up monace Javan's economy appear to over a woman traveller.

of be slim. There may be a risc the General MacArthur ordered

yen and, anti-trust legis- One official cunningly asked her men of new October, lation notwithstanding, they may the time, "I'm afraid I haven't a Japanese government in

of assume 1945, to report on the activities

power. But Japanese the 2. Imposition of the

most prominent

Zaibatsu. the designated former Zaibatsu-the watch," she said. "Then what is all government's postwar tax on

Thereafter their assets were frozen substantial private

from the roof?" asked the official. of properties-

doomed which has particularly hit the Zal- and the Japanese government was -Ten are generally considered this ticking which is shaking plaster

woman. Disense. instructed to set up a special agency low will batsu: The Innd reform

The individuals who used to head "My heart," replied the have the effect of breaking up all (Holding Company Liquidation Com-

Zaibatsu stock control and keeping nate Japan's prewar and wartime hearts until you had got through the 3. The purge. While this puni- their Bnancial activities under strict cconomic scene

middle class. Many of them are in Customs," said the official, making DEAR SIR, tive measure is in effect, the formor surveillance..

pared to their former luxuriously industrial barons, as

Works With Vim as well as their family members, will share the fate

and are having a difficult time of other "undesirable" Japanese and

trying to make both ends meet.

those There are will be barred from any important

considerations job, whether financial, economic, commercial, civic, or political.

the extensive agricultural land hold mission) charged with decentralising the Zaibatsu holding firms and domi- "You shouldn't have wound all your The Barbastio portrait

ings of the Zaibaisu.

- ༔

in the

are now

greatly reduced circumstances com-

ing an

In disposing of the Zaibatsu's company stock and controlling their current Living, the HCLC is carrying that support the belief that the Big

a bout of 17.540 wrist watches; '

Fun in the sterling area

His knowledge of affairs is uncan- and ho boasts that he literally

I cannot agree that cleaning has ruined the face of "Don. Scrafin Borrastre." Though he now appears to have two noses that is merely an effect of light and shadow, and the

black.spot under one eye is obviously out Its mission with fine precision Ten Zaibatsu are unlikely to return has his ear to the ground

to their former. positions or anything |

(News item.) a smudge left by the cleaner. Such Full Retribution and a high sense of duty.

mere dotally cannot harm the Onc Indication of its zeal is the like it.

Most of the heads were products PROTECTED, of course, by a strong essential nobility of the restored The big ten who are exposed to elaborate monthly form which Zai-

rubber casing, so that passers-by pleture. As for what Mr Wedder the full force of retribution are the batau members are required to All of a system, mere gureheads and

their they are not the type of men with will not tread on it while he is listen--has-described as "unsightly streaks for houses of Mitsui, Mitsubishii, Sumi to obtain authorisation- tomo, Yasuda. Nakajima,

ing. When I was head porter at on the chin." it is quite clear that. current living expenditure, Three the stamina, foresight and imagina Nomura,

Nantwich there was a very sensitive they are strands of stuff from the Asano, Okura, Furukawa and Ayu- month budgets are required in ad- tion necessary to attempt to weather

followed the storm and try a comeback. kawa

vance and these must be

The affairs of these great houses

mari In the lamp-shed. He could charwoman's mop, and easily The above, especially the Arst by monthly financial reports to the

were run by the Banto, a brain trust four, were household

in Commission.

is an of capable, shrewd and often ruth-tell where he was, blindfolded, by movable. Japan because of their wealth and

The new properly tax

Zaibatsu, like all less businessmen who formed their merely licking the pavement. Ilis obligation the

only fallure was when he was turned boards of directors. Japanese other wealthy

loose in West Hartlepool und having

including

Anancial power. great

For example, the Mitsui plutarchy, headed by the family of former the Emperor, must meet from their Baron Takakimi Mitsui and consist- own assets. Where cash is insuf- Japanese Brain Trust ing of 10 other Mitsui familles, used fielent, the money must be raised

a market. to exercise control either directly or by selling whatever Indirectly over a total of 377 com- panies.

In the tax report recently publish

was

The term "Banto politica" common among Japanese. Most of In ed the Japanese press, the fortune the Banto have been purged from of public life since the occupation be The Mitsui members were heavy of Kichizaemon Sumitomo, one investors or key officers in the the Big Ten, ranked next to that gan. Most of them are old. Many taxpayer, of thein will be dead by the time holding company at the top, which, of the highest property

her Hirohito.

has fully recovered Sumitomo's Influence Emperor

Japan extended its

the Investments in other wealth was computed at 170,441,525 national independence.

The position, of the heads of the yen. yen. His tax was 100,010,000

fountain Baron Takakimi Mitsul's fortune Zalbalsu and of the Emperor

yen was supposed to be the was announced as 90,603,400

in turn, through companies.

The Mitsui families controlling stock in their own companies, total- ling 390,368,000 yen in paid-in value, represented nearly one-third of all the shares and bonds in possession of the 10 big Zaibatsu.

Vast Activitios

The activities of these companies. cut widely across Japan's economic

extended from structure. They foreign trade, which was the Zat batsu's

particular (the Mitsuis ronghold,

who

and his tax came to 64,779,900 yen. head of all important national Hisaya Iwasaki, of Mitsubishi Zal- policles of Japan, were similar. In

Mitsul, the case of the baisu, who ranked next to

Empero at

it

was

the

was ordered to pay the government generally the Inner 42,623.110 yen from his fortune of palace or the generals of the army

who decided things for him. 49,329,307 yen.

Spread Ownership

The aine-man HCLC, most of system. them bankers, began its work

in

The employees and

Similarly, the Zaibatsu were often

Japanese referred to among puppets and prisoners of their own officers left

AS

to August, 1940. Its objective was to in the former Zaibatau concerns are

20 decentralize and democralise every for the produced (fist

cent of Japan's coal),

And shipbuilding

yards

con- the

freighters built at the Mitsuled Arthur's staff, the commission, in- to. And themselves with wider op-

used to carry Japanese

most part men who phase of Japan's commercial, indus- sidered themselves victims of trial and nancial life.

system. They are glad the d In close laison with General Mac- control has been quashed, and

from the de- accruing by the Mitsui Bussan from Yoke vestigated more than 500 Japanese hump to New York in record time), Whose wealth and personal influence mocratisation of the Japanese econo- chemical works, machine shops and were important. It also scrutinised mic structure. These are the least

Lo plants,

virtualis precision Instrument

overy Important Japanese likely people to take part in any

future move

toward restoration of banking (the Mitsul Bank was one

It picked for treatment 67 com- the Zaibatsu. of the big five), trust Arms and in-

panies and 10 family combines, the The element of family cohesion The Mitsubishi's Zaibatsu also Zaibatsu, and succeeded in trans- has been greatly reduced. The iden consisted of 11 families (the Iwasaki terring five billion yen in securities of family unity and each family families), and they also controlled in a period of three months. When being a cell in the National Family

surance...

NANCY Sweet Idca-

SLUGGO'S

BARBER

SHOP

YOU'LL NEVER 'ATTRACT ANY BUSINESS WITHOUT

A BARBER

POLE

Yrs, truly,

Ernest Catmint F.LD.

CROSSWORD PUZZLE

Arruse

L. Work on the lines out not s

practised by the platolayer. (2) 4. Bounds like very doubtful claim to ownership of the fur. Nulse of the woolmaker. (3) Combative, 191

12. A number of persons associated

for a common interest (7) 13. Derangement of clarical hooda leares pients of DACA for aetion. 10)

“14." Alone" in expos«a" temp" to "molą. ture but with na urza,' whian ·m -comeback, (2)

By Erule Bushmiller

MAYBE NANCY

IS RIGHT,

ISLUGGO'S

BARBER SHOP

EDOOGLE'S PEPPERMINT

15. American DUB F (4)

17. You will fad a star kosong

them. (4)

18. It is always = source of mancy

anco. 14)**

JU. Funny

Din they are.

called at outings. (4)

23. Kick out I (5)

24. Porca arunder. (4)

oftwa

15. Appears to take more than wood

to steer. (41

DowD

A pure pona (MZAT.), 18+8).

A large, richly inden marchant Yosso (0)

B. A servile dependant (8)

* The last six lines of a sonnet. (0) B. One who makes the invasion. (d)

6. At ara he seems to be responsibia

for many obata, (R)

8. The indian tooks to it to boat.

(B)

1. The testatater in Ryan, or the

contrary, 101-

10. Native land. 141

10. Nevertheless you may neo kot

the morning; (3) 41. Born, 433 32. Oversons unclo (13)

Baiution of yesterday •' puzzle. —getošn

• Astronomy? 7. Bóomía, tasli

12. ineres Pres

Canyon 15. a. 12.

*0. Bot Down 22. Hue, 235, apr 24, Obri: 03, Blate? 26. TWIN - Downt and, 20 Aerors, Bil kna Dundry, 2. Boy: 3, Tongue; 4. Guse, 5,-Ftce.. Mop; 9;- Dally;-21): Learned; 15. Erupt. 10, are! 17, 667; 18, douri, 11: Day; 22. How,

When You Feel Tired

and Restless

Aşk For

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On Salo. at All Dispensaries

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