SCAPIN-1887: REMOVAL OF CERTAIN COMPANIES FROM THE SCHEDULE OF RESTRICTED CONCERNS
GENERAL HEADQUARTERS
SUPREME COMMANDER FOR THE ALLIED POWERS
APO 500
30 April 1948
AG 004
(30 Apr 48)
ESS/AC
(SCAPIN - 1887)
| MEMORANDUM FOR | Japanese Government |
|---|---|
| SUBJECT | Removal of Certain Companies from the Schedule of Restricted Concerns |
1. Reference the following memoranda for the Japanese Government from General Headquarters, Supreme Commander for the Allied Powers:
a. AG 004 (8 Dec 45) ESS/AC, SCAPIN 403, 8 December 1945, subject: Establishment of a Schedule of Restricted Concerns.
b. AG 004 (31 Oct 45) ESS/AC, SCAPIN 215, 31 October 1945, subject: Sale or Transfer of Securities of Certain Business Firms.
c. AG 004 (14 Mar 46) ESS/AC, SCAPIN 813, 14 March 1946, subject: Addition of Tokyo-Shibaura Electric Company, Ltd; Japan Radio Company, Ltd; Oki Electric Company, Ltd; Oki Securities Company, Ltd; Oki Communications Instrument Company, Ltd; Matsushita Electric Industries Company, Ltd; Japan Iron and Steel Company, Ltd; and their Subsidiaries and Affiliates to Schedule of Restricted Concerns.
d. AG 004 (25 May 46) ESS/AC, SCAPIN 982, subject: Addition of Imperial Mining Development Company, Ltd, and Subsidiaries; Certain Subsidiaries of Okura Mining Company, Ltd, and Certain Subsidiaries of Mitsubishi Honsha to Schedule of Restricted Concerns, 25 May 1946.
2. The following companies, placed on the Schedule of Restricted Concerns by reference memoranda paragraphs 1b, c, and d, above, are hereby removed from the Schedule of Restricted Concerns, reference memorandum paragraph 1a, above:
Yamani Denki K.K. (Yamani Electric Company, Ltd.)
Nissan Kasai Kaijo Hoken K.K. (Nissan Fire & Marine Ins. Co., Ltd.)
Sanyo Tsushin Kogyo K.K. (Sanyo Communication Industry, Ltd.)
Toho Aen K.K. (Toho Zinc Company, Ltd.)
FOR THE SUPREME COMMANDER:
/s/ A. J. Rehe
for /t/ R. M. LEVY,
Colonel, A.G.D.,
Adjutant General
MEMO FOR RECORD: (SCAPIN - 1887)
WFM/ECW/PHC/mjh
26 April 1948
1. Reference is SCAP Memorandum AG 004 (8 Dec 45) ESS/AC, SCAPIN 403, Subject: "Establishment of a Schedule of Restricted Concerns."
2. The following companies were placed on the Schedule of Restricted Concerns, reference paragraph 1, above, because they were first line subsidiaries of designated holding companies:
Yamani Denki K.K. (Yamani Electric Company, Ltd.)
Nissan Kasai Kaijo Hoken K.K. (Nissan Fire & Marine Ins. Co., Ltd.)
Sanyo Tsushin Kogyo K.K. (Sanyo Communication Industry, Ltd.)
Toho Aen K.K. (Toho Zinc Company, Ltd.)
3. The following chart indicates the company, its parent company, the number of shares the parent company owned and the date the company added to the Schedule of Restricted Concerns.
Company Parent Company No. of Shares Owned by Parent Co. Date Restricted
Yamani Denki K.K. Furukawa Mining Co., Ltd 1,500 8 Dec 45
Nissan Kasai Kaijo Hoken K.K. Nissan & Company, Ltd 153,125 8 Dec 45
Sanyo Tsushin Kogyo K.K. Oki Securities Co., Ltd 2,000 14 Mar 46
To ho Aen K.K. Imperial Mining Co., Ltd 34,200 25 May 46
4. In compliance with Law No. 233 of 1946 the parent company, in all the above cases, transferred the stock it held in its subsidiaries to the Holding Company Liquidation Commission. This prevented the holding company from dissipating the assets of its subsidiaries through management of the company. Since the HCLC has now disposed of these stocks either to employees of the issuing company or to individuals having stocks either to employees of the issuing company or to individuals having no connection with the parent concern, none of the companies own any stock in other companies United Nations Nationals interests are not involved, and the companies are neither designated (Law 207) nor special accounting companies, there is no longer reason to keep them on the Schedule of Restricted Concerns.
5. This is an administrative matter and no surveillance by the Eighth Army is required.
6. The interests of USAFIK are not concerned.
7. Concurrences: None required.
Major P. H. Cullen - 26-6560
E. C. W.
