Raid Shelters Increased, Bank to Aid Construction By Advances Tokyo, Sept. 22.
Japanese Government subsidies for shipbuilding during the current fiscal year have been fixed by the Ministry of Communications following consultation with the Ministry of Finance.
The subsidies will be paid to those banks which will grant financial aid to shipbuilders under the Shipbuilding Subsidy and Conpensation' Law.
Upon receipt of these subsidies, the Industrial Bank of Japan is to advance Yen 60,000,000, the Sumitome Trust Company Yen 3,000,000, the Mitsubishi Bank Yen 2,520,000, the Kobe Bank Yen 2,320,000, the Mitsubishi Trust Company Yen 1,010,000, and the Daiichi Bank Yen 750,000. These subsidies thus total yen 69,610,000.
The estimated shipbuilding loans for the fiscal year having been placed at Yen 90,000,000, there still remains Yen 20,390 and this sum will be carried over—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.