Business: By Lake Jitsu-Getsu-Tan

The Spanish, 300 years ago, called it Formosa. But to Chinese the long, narrow, tea-green island always was Taiwan. This name was kept as the island's official title after Japan acquired it in 1895 by momentously drubbing old China with her new army. And when in 1919 the island's largest power companies merged the consolidation was called Taiwan Electric Power Co., Ltd.

Taiwan Electric Power now furnishes 95%, of the island's electricity, operates eight hydro-electric and six steam power plants. Its gross operating revenues last year came to $4,242,000 against 1929'$ $4,005,000—about...

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