WAR INDUSTRY
STATE CONTROL IN JAPAN.
(By Telegraph—Press Association—Copyright) NEW YORK, October 16.
The Tokio official radio says that General Tojo has reached an agreement with the directors of the Mitsubishi and Sumitomo concerns whereby the Government becomes half-owner of most of the enterprises of these two great family groups which are also doubling their capital. Their companies are engaged in aircraft, steel, chemical and ship production. Additionally, Mitsubishi is to increase the output of machine tools, erect a magnesium plant and assume direction of the Japanese Aluminium Company. The agreement conforms with Tojo’s determination to expand war production and tighten the Government’s control of all phases of the industrial and commercial life of the empire.
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Wairarapa Times-Age, 18 October 1943, Page 3
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116WAR INDUSTRY Wairarapa Times-Age, 18 October 1943, Page 3
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