Powerful Syndicate to Put cern on Its Feet Kobe, Dee. 13, Meri employed at the Kewasakk Dockyars are rejoicing over the propects of receiving a. Christmas bonus, the divisible amount being 'Y, 390,000. Evidently the directors cof the company feel it their firet uty, despite the great financial stress, to reward the moi for hard work and good behaviour.
The dockyard has been enabled to look after the men in this way by the recent decision of a powerful syndi.ate of banks to finance the company to the extent of Y. 11,000, '000, The plan adopted by the bankers is to separate from the ships building yard the works for making rolling. over this work and run it with the new capital supplied by the syndi-}eate. The iden is that the making at locomotives and other rolling-tock,.as well og black sheets, is profitable and safe investment. How, soon this plan actually will be consummated it is diffeuly to say, but the scheme was submitted 10 meeting of creditors held Kobe on December 8 and ap.
The directors sounded the views of the creditors as to a Christmas bonus for the men and this also was How end when the shipbuilding section will be put on its feet again, Ino one can tell. Naval construction still is going on under the charge of naval officers, but Mr. Matsukata is doing his best. to and, as there are x number of im= portant shipbuilding orders in sight, it is hoped that this side of the undertaking also may be rescued. Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.