Government to Subsidize Construction Tokyo, Aug. 15.
Determined to meet the challenge of foreign shipping firms, officials of the Ministry of Communications. today drafted a tentative plan for the construction of 400,000 tons of Jorge and fast liners within the next four years, Under the provisions of the plan, the Government would subsidize the construction of the ships to the extent of ¥.100,000,000 between 1937 and 1941, ¥.22,000,000 of this amount fo be included in the budget for the next seal. year.
The first stage of the programme would be carried out in 1097-38, when orders for 100.000 tons of vessels, capable of the speed of 25 to 26 knots would be placed with Japanese dockyards.
The new plan would replace the Shipbuilding" Subsidy Ordinance, passed shortly after the Great War, fo aid the Japanese ship-owners in their struggle with foreign competition—Domel.
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