With one German among its shareholders, consisting - otherwise of Japanese and Chinese, the Shanghai Inland Navigation Steamship Company, capitalized at Y2,000,000 came into being yesterday.
lAn inaugural meeting of the frm, attended by representatives of the "Reformed Government" and of the Japanese naval military, and consular services, was held at the Japanese Club, Boone Road, beinning from 2.30 o'clock in the afternoon.
The firm will operate about 100 vessels on seven lines radiating out of Shanghai. It will have monoportation of passenger and goods, the operation of wharves and godowns in various inland towns, and the renting and chartering of vessels, Junks and lighters are not included in the scope of operations of this firm, which are scheduled to be started on August 1.
Text read from the printed page and cleaned; old type leaves the occasional error.