JAPAN'S SHIPPING.

Mataura Ensign, 24 May 1909, Page 3

JAPAN'S SHIPPING.

♦ A COM FA H I SON. * Staliviies «li')w thai as compared with the .shipping subsidies granted by oilier countries • Japan is at. present expending lUoiv IUUJJCV pi-r 11hi of total loiiiiage liian any oilier nationality. For instance, the NipiH.ii Yu c -en lv:ti*lia, \s liie!i maintain-, :i special service between \okohaiiif and Lou.lon, receive:-; i'i'oiu ilim (.iOA*-niiii<• til a million pounds si'erruiy; amm.uly—about tho same amount thai. it. ))ay>, ui dividends, so that ii. has been Hoiking mr years without earning a prolit. 1 ben, again, the S r mlh American Ini" of the Toy<> Kisen Kaisha is in receipt of a grant ol : C7().(K)0. while l.hc total imports and exports between Japan and South America onlv amount lo about i'oo,ooo. Tho .strife I.s being closely watched by tile British and other competing linos which suffer most: li'eiji the Stato-tfided Japanese and ii is believed in many quarter.? that retaliation may be resorted io in case Urn proposals now under in Japan for increasin:: tin* subsidies an* not revised.