JAPAN AND DYE STUFFS

Dominion, Volume 9, Issue 2663, 7 January 1916, Page 8

JAPAN AND DYE STUFFS

Somo interesting Press extracts lave been forwarded by British officials from Yokoluvraa. relative to the dyostuff situation in Japan, in which it is stated that as a result of Oj conference between the Home Department and private merchants # and manufacturers, the Department of Agriculture and Commerce, -according" to vernacular. papers, has decided to establish a company for the manufacture of dyestuffs. . . - . The capital of the company is about 10.0C0.0Q0 yen (£1,000,000). If it is impossible to secure this amount at the launchin? of the project, the capital shall fixed at: 5.00.0C0 (£SOO,CCO) at first,. but increased to 10,000.000 yen m the. year following that in which the company is established. Factories will be built in Tokio, Osaka, and. Fukuok-a. Shareholders must bo officials of &as companies or of companies engaged in the manufacture of chemicals, medicines, and perfumery, and other private business men. The Department of Agriculture and Commerce will place &C 0 tons of benzol produced by the Government Steel works at the disposal of tiie company for the regulation of tlie price of' materials for (lie manufacture of dyestuffs, and will guarantee' a profit of 8 per cent, .per annum for ten jcars from the date of tho establishment of the company. The methods of calculating the profit and t'ao amount of subsidy to be. given by tho . Government are to be determined by regulations to be issued in the form of an Imperial ordnance. ...