AFTER TRADE

Hawera & Normanby Star, Volume LXXVII, Issue LXXVII, 24 May 1919, Page 8

AFTER TRADE

JAPANESE SHIPPING COMBINE

INSIDERS THE PRESENT PROVIDES THE OPPORTUNITY.

BY CABLE—PRESS ASSOCIATION— COPYEIGHT

(Aus.-N.Z. Cable Assn.) (Received May 24, 9.25 a.m.) TOKIO, May 14 (delayed). A number of small shipping lines established during the war period which reaped enormous profits are now amalgamating as an international steamship company aggregating dUUjOQO tons, and are asking for a Government subsidy. Japan has long studied the British, mercantile system, and considers the present a favorable opportunity for becoming formidable competitors. The new combine intends to invade trade spheres formerly largely British, including New York, South America, India, South Africa, Constantinople, Marseilles, Hamburg and Riga.