Things are assuming a more serious aspect on the Japan-Calcutta freight service in the rate war among the Nippon Yusen Kaisha, the Qsaka shosen Kaisha and the British India Steam Navigation Company and_rates are coming down. The Conference freight on raw cotton is stipulated at Y¥.94, which was depressed to Y.13, threatening to slump further. The rate on porcelain stands at Y.16 and that on matches Y.12, subject to a 10 per cent rebate.
The Nippon Yusen Kaisha once dissuaded the Osaka Shosen Kaisha from going into freight competition
Text read from the printed page and cleaned; old type leaves the occasional error.