For 500.000
Shanghai, Nov. 5
The sale of five boats flying the Portuguere flag to Japanese ship ping interests here will involve total purchase price of CNSS00 000, it was learned yesterday. The boa's, which include a motor launch have been under detention by the Japanese naval authorities for a considerable time and tied to buoys midstream opposite the fish market Yangtzepoo, It Is understood that the official transfer of the vessels to their new owners, will be made in a few days, The boats concerned are the of the same company, the s. lar Margarida of the Agence Rollz, the Testa of the 10-Oriente and the motor Bom Pac. The vessels are of a net tonnage of from 300 to 609 fons and in the heyday of the shipping boom formed. part of a. ver! able fleet of Portuguese" "Tubs plying the China coast The outbreak of the undeclared war in this country saw the diver sion of @ good share of the coastal shipping business to. various national-hot hitherto engaged 3. the trade. The shipping boom ushered ina period of prosperity" for owners iver crafts became 40 acute prices we offered the most dilapidated wooden navigating nearby ce Coastal shipping trade suffered a severe set-back on July 16, when the Japanese naval authorities posed a ban on coastal navigation for reasons "Dietated by" military necessity."" Long before the ban, however. a number of boats were detained by the Japanese author!- ties pending investigation of their national status. These were mostly erafis of the wooden type which were gaudily painted and presented an animated spectacle on the Whang poo.
Text read from the printed page and cleaned; old type leaves the occasional error.