SCAPIN-1604: APPLICATION OF KASUMI PROVISION COMPANY, LTD. (KASUMI SHOKUHIN K. K.), FOR REMOVAL FROM THE SCHEDULE OF RESTRICTED CONCERNS
GENERAL HEADQUARTERS
SUPREME COMMANDER FOR THE ALLIED POWERS
APO 500
10 April 1947
AG 095
(10 Apr 47)
ESS/AC
(SCAPIN-1604)
| MEMORANDUM FOR | IMPERIAL JAPANESE GOVERNMENT. |
|---|---|
| THROUGH | Central Liaison Office, Tokyo. |
| Subject | Application of Kasumi Provision Company, Ltd (Kasumi Shokuhin K. K.), for Removal from the Schedule of Restricted Concerns. |
1. References are the following Memoranda:
a. Central Liaison Office Memorandum 193 (LO 2516/1350), dated 16 Janualy 1947, subject: Application of Kasumi Provision Industry Co., Ltd. for Its Removal from 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, (SCAPIN-403), dated 8 December 1945, 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 (8 Jun 46) ESS/AC, (SCAPIN-1004), dated 8 June 1946, subject: Addition of Certain Textile Companies to the Schedule of Restricted Concerns
2. Reference memorandum 1a, above, forwards application of Kasumi Provision Company, Ltd, for removal from the Schedule of Restricted Concerns established by reference memorandum 1b, above, to which the applicant was added by reference memorandum 1c, above.
3. Kasumi provision Company, Ltd, is hereby removed from the Schedule of Restricted Concerns and the additions thereto, referred to in paragraph 1b and c, above, respectively.
FOR THE SUPREME COMMANDER:
JOHN B. COOLEY,
Colonel, AGD,
Adjutant General.
MEMO FOR RECORD: (SCAPIN - 1604)
26 March 1947
1. CLO Memorandum No. 193 (LO 2516/1350), 16 January 1947, forwards application of Kasumi Provision Company, Ltd, a subsidiary of Gunze Silk Manufacturing Company, Ltd, and added on 8 June 1946 to 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," for removal from the Schedule of Restricted Concerns.
2. a. The applicant is engaged in the manufacture of foodstuff. It is capitalized at ¥190, 000 and has assets in excess of ¥726, 000.
b. Prior to addition of Kasumi Provision Company, Ltd, to the Schedule of Restricted Concerns, a report submitted by the Gunze Silk Manufacturing Company, Ltd, revealed that the latter owned 1, 000 shares, or twenty-six (26) percent of the total outstanding shares of the subsidiary company. Consequently, the Kasumi Provision Company, Ltd, was added to the Schedule of Restricted Concerns as a subsidiary of Gunze Silk Manufacturing Company, Ltd. It has now been disclosed that the parent company disposed of its shareholdings in Kasumi Provision Company, Ltd, prior to the issuance of SCAP Memorandum AG 004 (8 Jun 46) ESS/AC (SCAPIN-1004), subject: "Addition of Certain Textile Companies to the Schedule of Restricted Concerns. " In view of the fact that no relation exists between the two (2) companies from the capital and managerial aspects, the attached memorandum removes the Kasumi Provision 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/LE (Mr. E. J. Carrington); ESS/FI (Lt. Col. D. H. Jennings).
V.H.K. 2-2439
