The Nippon Yusen Kaisha contemplates adding three new Iiners to its fleet to replace the vessels jon the San Francisco line which w bbe taken over from the Toyo Kisen Kaisha when the merger is effected with that company. The replaeement is to be effected {the Government subsidy is secured.
The cost of the vessels will be ££81,000,000 on the basis laid down by the Communiciations Depatment, which, in return for the grant aid, requires three liners of 24,000] tons each, equipped Diese! engines developing 18 knots an hous. The work will be given to the Mitsubishi and the Kawosayi dockyards, According to one report, the funds needed will be raised by debentures, of which the first issue of 10 million yen will take place during the leurrent year. Another report, how. lever, says that recourse will be had to foreign loans.
Text read from the printed page and cleaned; old type leaves the occasional error.