Show FOREIGNERS RIGHT TO OWN OVIN JAPANESE LAND Law Promulgated From Prom Tokio Toko Gov Governing Governing erg Ownership of Prop Property Property erty ery by Aliens Aen Wednesday May 1 IThe The law relating to foreigners right to own on ownership ownership of ot land was promulgated today today It I provides that foreigners domiciled or resident in Japan apan and foreign Juridical juridical ical persons person registered therein shall enjoy enoy the right of ownership In land land provided always that in the countries to which they belong such right Is ex extended extended extended tended to Japanese juridical persons The law is applicable only to for foreigners foreigners eigners eiger belonging to countries designated designated by imperial ordinance In the districts of ot Hokkaido Formo Formosa Foro Foros sa s Karafuto and districts district necessary for national atonal defense foreigners are de do debarred di barred from land l nd ownership In case cae a foreigner or foreign Juridical juridical ical person peron owning land ceases to be capable of ot enjoying the right of own ownership ownership ownership the ownership of ot such land shall accrue to the fiscus unless he disposes of ot It within a period of or one year In case a foreigner by b reason of los ing his domicile or residence in Japan on account of withdrawal from the country ceases to be capable of enjoy ing the right of ownership In land the period mentioned In the preceding par paragraph paragraph shall shaH be five ve years ear Proper Poper provision for compensation court procedure and other phases of land ownership in accord with gener generally generally ally alY the act established practice are made by act |