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 company was placed on the Schedule of Restricted Concerns, reference paragraph 1, above, because it was a first line subsidiary of a designated holding company:
Yamada Industry, Ltd. (Yamada Kogyo K.K.) added to the restricted list as Yamada Aircraft Industry Company, Ltd.
3. Yamada Industry, Ltd. (Yamada Kogyo K.K.) is listed as a subsidiary of Fuji Industrial Company, Ltd, which held 4,000 shares (25 percent) of its stock and was restricted on 20 March 1946.
4. In compliance with Law No. 233 of 1946 the parent company transferred the stock it held in its subsidiary to the Holding Company Liquidation Commission. This prevented the holding company from dissipating the assets of its subsidiary 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 no connection with the parent company, the company owns no stock in other companies, United Nations Nationals interests are not involved, and the company is neither designated (Law No. 207) nor a special accounting company, there is no reason for it to remain 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.