THE WORLD'S TBADE.

Otago Daily Times, Issue 17634, 26 May 1919, Page 5

THE WORLD'S TBADE.

JAPANESE SHIPPING ACTIVE.

SMALL FIRMS AMALGAMATE.

Presa Association—By Telegraph—Copyright,

(Delayed in Transmission.) TOK3O, May 14. A number of small shipping lines,' established during the war period, which have reaped enormous profits, are now amalgamating as the International Steamship Company. Their vessels aggregate 300,000 tons. The company is asking for a Government subsidy. Japan has long studied the British mercantile system, and considers the present a favourable opportunity for becoming a formidable competitor. The new combine intends to invade trade spheres which formerly have largely been British, including Now York, South America, India, South Africa, Constantinople, Marseilles, Hamburg, and Riga.—A. and N.Z. Cable.

SHIPBUILDING EST AMERICA.

AMERICAN REGULATION RELAXED,

(Delayed in Transmission.) WASHINGTON, May 14. «fe ITed Ma y .25, at 5.5 p.m.) Mr Wilson, has modified his order prohibiting the construction of ships on foreign account. An additional eight shipo on Australian order are expected immediately.— A. and N.Z. Cable.