SCAPIN-1342: JOINT APPLICATION OF KANEGAFUCHI SPINNING COMPANY, LTD., (KANEGAFUCHI BOSEKI K. K.), AND JAPAN OIL MILL COMPANY LTD., (NIPPON SEIYU K.K.), FOR REMOVAL OF THE LATTER FROM THE SCHEDULE OF RESTRICTED CONCERNS
GENERAL HEADQUARTERS
SUPREME COMMANDER FOR THE ALLIED POWERS
APO 500
15 November 1946
AG 095
(15 Nov 46)
ESS/AC
(SCAPIN-1342)
| MEMORANDUM FOR | IMPERIAL JAPANESE GOVERNMENT. |
|---|---|
| THROUGH | Central Liaison Office, Tokyo. |
| Subject | Joint Application of Kanegafuchi Spinning Company, Ltd., (Kanegafuchi Boseki K. K.), and Japan Oil Mill Company, Ltd., (Nippon Seiyu K. K.), for Removal of the Latter from the Schedule of Restricted Concerns |
1. References are the following Memoranda:
a. Central Liaison Office Memorandum No. 4272 (LO 1172/564), 27 August 1946, subject: “Joint Application of Kanegafuchi Spinning Co., Ltd. and Japan Oil Mill Co., Ltd. for Removal of the Latter from the Schedule of Restricted Concerns.”
b. Memorandum for the Imperial Japanese Government from General Headquarters, Supreme Commander for the Allied Powers, AG 004 (8 Dec 45) ESS/AC, 8 December 1945, (SCAPIN-403), subject: “Establishment of a Schedule of Restricted Concerns,”
c. Memorandum for the Imperial Japanese Government from General Headquarters, Supreme Commander for the Allied Powers, AG 004 (15 Jun 46) ESS/AC, 15 June 1946, (SCAPIN-1024) subject: “Addition of Subsidiaries of Kanegafuchi Industrial Company, Ltd., to Schedule of Restricted Concerns.”
2. Reference Memorandum 1a, above, forwards joint application of Kanegafuchi Spinning Company, Ltd., and Japan Oil Mill Company, Ltd., for removal of the latter from the Schedule of Restricted Concerns established by reference Memorandum 1b, above, to which it was added by reference Memorandum 1c, above.
3. Japan Oil Mill Company, Ltd., is hereby removed from Schedule of Restricted Concerns, reference Memorandum 1b, above and the addition thereto, reference Memorandum 1c, above.
FOR THE SUPREME COMMANDER:
JOHN B. COOLEY,
Colonel, AGD,
Adjutant General.
MEMO FOR RECORD: (SCAPIN - 1342)
WFM/NHK/TTS/gg
18 October 1946
1. CLO Memorandum No. 4272 (LO 1172/564), 27 August 1946, forwards joint application of Kanegafuchi Spinning Company, Ltd., (formerly Kanegafuchi Industrial Company, Ltd.), and Japan Oil Mill Company, Ltd., for removal of the latter from the Schedule of Restricted Concerns established by SCAP Memorandum AG 004 (8 Dec 45) ESS/AC (SCAPIN-403), subject: ''Establishment of a Schedule of Restricted Concerns," to which it was added by SCAP Memorandum AG 004 (15 Jun 46) ESS/AC (SCAPIN-1024), subject: "Addition of Subsidiaries of Kanegafuchi Industrial Company, Ltd., to Schedule of Restricted Concerns. ''
2. Prior to the addition of Japan Oil Mill Company, Ltd., to the Schedule of Restricted Concerns, a report submitted by the Kanegafuchi Spinning Company, Ltd., showed that the latter owned 9, 600 shares or forty (40) percent of the stock of the former. Therefore, the Japan Oil Mill Company, Ltd., was added to the Schedule of Restricted Concerns as a subsidiary of Kanegafuchi Spinning Company, Ltd. It has now been revealed that the parent Company had disposed of its holding prior to the issuance of SCAPIN-1024, subject: "Addition of Subsidiaries of Kanegafuchi Industrial Company, Ltd., to Schedule of Restricted Concerns." Since there is no relation between the two (2) companies from the capital and management point of view, the attached Memorandum removes the Japan Oil Mill Company, Ltd., from the Schedule of Restricted Concerns.
3. This is an administrative matter, and no surveillance by the Eighth Army is required.
4. The interests of USAFIK are not concerned.
5. Concurrences: ESS/FI (Lt. Col. D. H. Jennings); ESS/LE (Major E. R. Minnich).
V. H. K.
