JAPAN SHIPPING SUBVENTION.

King Country Chronicle, Volume VII, Issue 608, 4 October 1913, Page 2

JAPAN SHIPPING SUBVENTION.

-1 1 0 01 1 llCl C b a J a lie ] UI. i k I d o *i ( ic.r ' l Lo i e ue lj J 5 1 ll I i n i 1 o 1 o i i id e it he i o Kl! i { ui lo : l a u ai l 3 cc j e = i v, coul i a&ui'am t i cul i tic J ljjL.ll til 1 U)1 Go iinpr t (o j i 0 n e n il l u i |L 1 o uj "; oi } c ° | a d L| capital oi. the company, and il follows that even if tha stcir.mci's work ;U ;< loss, tha subsidy would enable ;'--!.¥.>".. to pay dividends. An annual subvention on such a scale c;m hardly bo

i i =< c I % i 1C 1 ( C 1 ] | 11 e i 1 i an n \ ices, 1 I ' \<i n i 1 a i ) nJu 8 i r! with it 1 t 1 t i 1 L il Chambei to l itq \ a■> that It e sutnidv , i i i the BI S N Co was onl\ ! about £7R.500, and it was granted • | specifically for the provision of regu- • j tar frequent, and fast sailings on sixteen lines,'the *rade on which would I not, it was admitted, suffice to maini tain vessels equal to the postal re-

quirements. The subsidy to the latter company, in fact, works out at less than Is per mile, and by no stretch of the imagination can it be accepted as a liberal aid when set in comparison with the very generous

assistance conceded to the N.Y.K. In the controversy on the subject nn reierencß was made by the Japanese patrisans to the fact that British steamers engaged in the Japanese coasting vessels are precluded from carrying passengers or goods from one port of the island to another.