The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-14

4 y
Z CAPITAL - yen Ssa 90 Tire ne-s-d q 7ssr-
= j. oos shag should Re- o. special nete n
/ ths History g ths shipping trade q ais
country. D1rtsE The war we lent almost
tna y hole o. our vessels 70 the military
SeTViee. ard n ere sane time ne Ola not
impair c0- domestic shipping. En- tals
manner proving sur ability 70 fnliA our
or-Ice n both branches &C service After
Z Ths Nar. reCoGl1EtUE IRE necessity q ex-
& tending Cur routes aarczE. IN ful accord
Z auce w3th the national progress. and WITH
yolTr consent. We increased The capital q
ven Sssa 90 % yen - asn &c ard have en-
gagged n TIRE extension q cur routes
Tie Two great lines . Europe and Amer
lea were opened. ard from October Lass
tGR Australian line has been running thus
laying ne foundation @ CIR future M
derT2klngs. Amidst these great labors
the company has declares. besides It's or
otz2rF dividends. Two extra ones. agETe-
eating yen @32ts 80. and has. furthermore
es2aged is system Of annual d.s-
/ nual ere, also changing the sys-
( TEN OF recesIinE tbs company ;
debt q yen 80 90 from that
/ % paying IL cut O. the yearly profit 20
Saying i from money n hand from The
I sreEdtag capital. ard = that manner have
/ REDEEMED yen 4a9eo during shrse years.
I Thus We have snde&TOrad 20 extend oG-
/ business. and 20 keep pace with the de-
vesopment OF the nation upon the one
{ hand. and have aimed % secure sound
/ foundation for the company and Epon ths
/ other % further the interest Of the share
/ holders with success IN achieving this
success We owe Il 20 the plans and for
! ance q the state, 70 the zeal Of our stan
a. home and abroad, and az the same time
/ 20 the hearty support and cooperation OF
our shareholders"
The reelected directors net December
and unanimously vc.ed 70 continue Pres
ident Kondo and Vice President Kato n
their respective Offices
The receipts OF the Nippon Tusen kai-
sha for freight and passenger fares Tor
the SIX months ended September > were
S.665. So yen AID the subsidy received
from the government for thar period was
49, aa9 yen. besides another amount OF $50
yen received as navigation subsidy. The
total expenditure OF the company was
4.o6. 80 yen. The estimated value Of the
afty-foGr vessels owned by the Kaisha :
7s7ls. IS ven. and its real estate is valued
a. 2.7I5. 74s.
II the company can secure the necessary
permission i vii soon begin the construc-
ton OF three piers GO feet in length on the
foreshore az the rear o. its Yokohama
Office. When they are completed the YES
sels Of the company VIII De berthed along
the piers. which viii De provided with
| railway tracks connecting with The Yoke
| hama railway station \ survey for this
| purpose has already been made.
The Nippon Yusen Ksisha has raised ia
| steerage passenger fare 10 Honolulu from
| IS ven 20 Al yen. owing 20 a quarantine fee
| OF s. levied 5y the Hawaiian government
upon the company for every passenger
| landed.
J President kondo ia the Press.
! President Kondo, OF the Nippon Yusen
! Kaisha, recently entertained several rep
{ resentafives Of the press az the Tokiwa
+ restaurant. Tokyo. and during the pro-
+ gress Of the entertainment ne gave an in
teresting statement OF the company's ar
/ fairs, with special reference 70 the new
I lines. 10 some extent anticipating the re-
! port presented al the semi-annlal meet
ing. He intimated very clearly that IL
the company felt itself losing ground il
/ the face Of severe competition from other
{ trans-Paci6c lines. IL would appeal 10 The
/ patriotism OF the japanese people and ask
I for a subsidy from the imperial treasury.
( II the complexion OF the cabinet remains
/ unchanged. II IS safe to say that ths
/ strong and aggressive sentiment IN favor
/ OF foreign commerce would readily grant
/ such subsidy in case the need for II be-
came apparent.
For Foreign Trade.
The utterances OF the cabinet are as
strong as they could be in favor OF dsvel-
/ oping Japaus foreign trade. I have a.
ready quoted Count Okuma, minister for
foreign affairs on this subject. Still more
GcIE-tA@s al 4 GAllFE gwen &A t4ss A0AeQ
| Chamber OF Commerce in honor OF the deli
egates 10 the meeting OF chambers OF com
mercs IN this country. Count Aatsukata.
the premier made q significant speech. in
which, after thanking the chambers for
their kind hospitality in inviting him 20 the
banquet, he dweit upon the importance OF
commerce, and pointing out the decline in
the export trade during the present year.
he remarked that while IL must have been
chiefly brought about by depressed bust
ness conditions prevalent In the United
States, II could not De due 20 that alone.
as il was noticeable that the decrease was
with other countries as well. and he adj
vised the chamber to make a thorough in
yestigation OF the real cause of this state
OF things. 4 am also entertaining" he
went or 70 say. doubts, "a view OF the de-
cline OF the export trade. as 10 whether cur
business IS really as prosperous as its out
ward appearance would appear 10 show.
However that may BE-, am inclined 10 be-
lieve and 70 hope that the considerable
undertakings which have recently been
projected are really meant for turthering
our commerce and not for mere speculative
purposes" Speaking OF a report submitted
by ~ American military officer TO his gov
eminent in connection with the late war.
10 which the officer declared that the war
would certainly result Il a victory for
Japan. but that after the war the result
might be reversed and that Japan might
be defeated IL commercial confiet. In view
OF The confidence paced in the commercial
morality % Chinese merchants, a conf
Geace walca could not be placed In that OF
the japanese. the count said that high
commercial morality and trust yorthtDess
IS the foundation of commerce and should
BE diligently sought after. Continuing. he
remarked: "Of the 2loo1o no yen OF fo--
elan commerce OF this country for the year
1885 s. per cent. Of the amount was trans
acted by foreigners and only tao remaining
i Per cent. was in the hands OF japanese
merchants This inequality after thirty
years OF foreign commerce is not very
complimentary condition as far az Japan
csc merchants are concerned. and an effort
should Be made 10 Increase the amount
passing through the hands az the japanese
merchants 70 % or - per cent % the whole
volume o< commerce ID tire rear future"
Mr. Yasuda Kohei. OF YoEoaaru ma. has
completed arrange Ueuts for the import OF
American -four direct from TIE United
States by TIRE Nippon Yusen Kaisha
steamers. his first Shipment having been
received by the Kinsaiu.