File No. 1166/36–40.
Ambassador Wright
to the Secretary of State.
American Embassy,
Tokyo, April 12,
1907.
No. 222.]
Sir: I have the honor to inclose herewith
translation of a law recently promulgated relating to the forestry
enterprise in Korea on the banks of the Yalu and Tumen rivers. According
to the text of this law the capital for the enterprise in question is to
be 1,200,000 yen, one-half of which is to be furnished by the Korean
Government. The Japanese Government, however, may supply, if necessary,
from its general funds the amount to be received from the Korean
Government. The profit and loss of the enterprise for each fiscal year
are to be shared by the Japanese and Korean Governments in proportion to
the amount of capital furnished by each, respectively,
I also inclosea extracts
from the Seoul Press relating to the plans of the Japanese Government
for the development of forestry in Korea. It appears that nine model
forests are to be established during the next five or six years in the
neighborhood of Seoul, Pingyang, and Taiku, at an expense of some
300,000 yen. Private enterprise in the way of developing forests will
also be encouraged by various methods, and in order that the necessary
technical experts may be trained among the Korean officials a school of
agriculture and forestry was established in September of last year.
I have, etc.,
[Page 772]
[Inclosure.—Translation.]
[Official Gazette, March 29, 1907.]
We hereby sanction and cause to be promulgated the law of the special
account of forestry enterprise in Korea, which has received the
approval of the Imperial Diet.
March 28, 1907.
(Sign manual)
Marquis Kimmochi
Saionji,
Prime
Minister.
(Privy seal)
Uoshiro Sakatani, LL. D.,
Minister of Finance.
Law No. 24.]
the law of special account of
forestry enterprise in korea.
- Article I. A special account
shall be established for the purpose of carrying on forestry
enterprise along the banks of the Yalu River and the Tumen
River, and the proceeds of the said enterprise shall be
applied to the disbursements of the same.
- Art. II. The capital of the
special account of forestry enterprise in Korea shall be
1,200,000 yen of which one-half shall be furnished by the
Korean Government.
- The capital mentioned in the preceding paragraph may, if
necessary, be transferred as needed from the general
finances (of the Japanese Government) or be received from
the Korean Government, but equipment used for the enterprise
may be put up as the portion of capital to be supplied by
either Government.
- Art. III. The profit and loss of
the enterprise for each fiscal year shall be shared by the
general finances (of the Japanese Government) and by the
Korean Government, according to their respective amounts of
capital furnished as in the preceding article.
- Art. IV. The Government shall
every year draw up the estimates of the income and
expenditure of the special account of forestry enterprise in
Korea and submit the same to the Imperial Diet together with
the general budget.
- Art. V. The estimates of each
fiscal year shall contain a reserve fund in order to respond
to the call of any calamity, emergency or unexpected
deficit.
- Art. VI. The enterprise of the
general account may, according to circumstances, be
entrusted to a corporation the object of which is to carry
on forestry enterprise.
- Art. VII. The provisions
relating to the receipts and disbursements of the present
account are to be determined separately by an imperial
ordinance.
supplementary clause.
This law shall take effect on April 1, 1907.
