Ambitious plans for steamship company to operate a fleet of merchant vessels between Japan and Shanghai are being formulated by the Japanese Ministry of Communications, it was reported by the "Shanghai Mainichi" here yesterday. The new company will be capitalized at—Y.200,000,000
Y.300,000,000.
The Nippon Yusen Kaisha, and. the Osaka Shosen Kaisha, the two leading shipping firms in Japan. will extend whole-hearted support to the Government's plan, while an under-anding has been reached with the vy Ministry, the report claimed. With the establishment of the service, congestion of maritime trame between Japan and Central China Will be eased, the Japanese daily declared.
Text read from the printed page and cleaned; old type leaves the occasional error.