Tokyo, Nov, 30, A net profit of Y.7,937,000 was made by the Nippon Yusen during ihe six months ending Sept. 30, Mr. Noburo Otani, president of the company, reported at a semi-annual meeting of the stockholders here to-
"The company during that half a year period had a gross profit of more than Y.15400400 of which ap-18 proximately Y.2,000000 was paid in taxes and other taken to amounts provide for the customary deposit for the reserve fund and the depreciation of the fleet.
In addition to the net profit, the NYK, President said, the company had about Y2,48,000 brought forward from the previous period and.5426,000, the amount of assets surplus that had been transferred, Of the total amount of Y.16,113,000 available, company proposed to allot ¥.1,000,000 for the legal re. serve fund to extend services and equipment, ¥.1,000,000 for sue petite fund, ¥.3,228,000 for dividends (corresponding to seven per cent per annum of the profit), ¥,461,000' as a special dividend (corresponding to one per cent, per annum) and to carry forward Y.2,823,000.—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.