By "Unfriendly Acts"
Tokyo, Nov. 29.
Mr. Noboru Ohtani, president of Japan's biggest steamship company, the Nippon Yusen Kaisha, today severely criticized the United States and Great Britain for their "unfriendly acts? which Had greatly upset Japanese shipping.
Despite the embargo of the United States on the exportation to Japan of certain materials and manufactured goods and the upheaval in Europe, which had forced the suspension of the company's service to and from Europe, the NY.K. was never ina better financial position than at present, he said.
Mr, Ohtani made these statements to the shareholders attending the cmpany's semi-annual meeting.
The N.Y.K. president drew the shareholder's attention to the US. embargo, which, he said, the United States placed with the understanding of Great Britain.
He also referred to what he termed "undue exercise of right of inspection of cargo on N.¥.K. vessels" reaching various ports of the British Empire, He added that he felt justified in stating that such "unfriendly acts" were not only creating a highly adverse effect on Japanese commerce and shipping but they could not be of any benefit to the foreign nationals concerned either at present or in the future, He said that the company netted ¥.11,213,00 profit for the six months ending September 30 of which Y.3,90,000 was distributed among shareholders as dividend (8 per cent, per annum), Y.3,396,000 was carried forward. and the remainder was earmarked as reserve,—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.