Steamship Company), which semi-official concern, reports a loss fof Yen 6,000,000 for the term about to end. About a half of this is from the business side and the other half is duo to the fall in value Jof shares and securities. The loss to be made good by drawing on the dividend reserve fund where there is still a balance of Yen 16,750,000, and, in the circumstances, no dividend will be declared this te In view of the very unsatisfactory business results, the management of the Company is also intending to make a drastic cut in expenditure by either abolishing or contracting branch offices abroad and also by a reduction of staffs.
Text read from the printed page and cleaned; old type leaves the occasional error.