The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-04-12
NIPPON YUSEN KAISHA
urSrrTCExT SUBSIDY GRANTED ny
THE JAPANESE GOVERNMENT.
The Company VIII Receive sffseo'-
600 for q Term of Years for vain
tanning ~. London, austraifHn
and seattle Lfnes-gn the Face OF
such support the Competition and
AnsaRonf~ns of Rival Companies
VIII He of No kvniI-Boundiess
po.-ibififIe. of Fafare Trade.

The Nippon Yuasn Kaissa has beer al
lowed an annual subsidy % 7.4ao 90 yen.
or II 761ese FOR e. term u years by the
japanese government The application OF
the company Tor a special subsidy for IFS
European and tranH-I'ac3fle lines has been
under consideration by the imperial cabi-
uet for some time II T. row adopted and
= s5sI mas been framed BY the cornmunicR-
4i8us department fixing the amount % the
bonus and the conditions under which y
Is granted.
The announcement o. the success OF The
Nippon Enaen Kaisha IN securing this
substantial aid from the japanese gov
eminent means everything 20 the future
OF the lire and speaks volumes for the
standing Of the company with the gov
ernFnent and people 81 Japan Tire estab-
laanant Of this line with Seattle It's
terminal has invited from the FIRST the an
fagouism and competition of established
Hines. This autagonism has developed
with the success OF the Nippon fusen
Kalsha and recognizing the power OF their
rival. the Older lines have used every
means % destroying such dangerous oppo-
Hiti0n.
Some Of the reports emanating from
sheaa lines have been lgdicrOus fn the ex-
treme the readers Of the Pogt-Inteill-
geneer having recently had a sample in an
extract from one Of the San Francisco
newspapers.
with the obtaining OF this subsidy. the
Nippon Igeen kaisha In placed In posi-
ton where can smile AT opposition. The
lire Is IN ths most powerful hands IN
Japan and Is backed BY a generous gov
eminent subsidy TIE competition which
has proved disastrous 70 all concerned Is
now futile 50 far as the great Japanese
company r. concerned. None or the exist
Ing lines h financially strong enough or
popular enough 10 continue struggle
against such q powerful organization.
This Is not tlae first time the Japanese
government has come TO the aid OF the
Nippon 3usen haisha. From 1885 until
the war broke out in 1886 the company
received from the treasury a yearly sub
silly. IN consideration Of which II was
pledged 10 maintain several special mail
Toates and TO place lie vessels at the dis
posal Of the government IN case 81 emer-
Reney. Tho special subsidy granted for
the European and trans-PacIfc services
Of the company amount 10 $4,000 ven per
anBum more than could be earned under
she shipping encouragement bin which
was passed by the executive and leglsla-
fnre OF JapAE AZ The close 81 the war For
the regular services maintained by the
company between Hankow. Shashi.
Ichang and chungking. with specially
built steamers. the subsidy promised by
the government Is 100. 0ao yen per annurn.
The statement that the Nippon Yusen
KaislIa has been losing money since the
establishment Of its trans Pacifc line has
been insisted upon BIZ enemies OF the CON-
pAny with great gusto There has never
been an attempt 10 deny this fact. The
extent Of the losses was stated By the Of
ficlais OF the company 20 the special cor
respondent sent TO Japan BY the Post-ln-
teliigencer The causes OF the loss and
the remedy proposed were explained fully
at tBaf time. As stated several times In
the Post -intelligsucer. there has never
been any doubt OF the ultimate success OF
the company Ia securing n subsidy.
The possibilities Of profit lying in the
transportation OF teas, portion Of the
traffic which has yet hardly started
with the Nippon Yusen kaisha. Is best
shown by comparative statement OF the
earnings OF che three traus-Paciur lines
which have heretofore monopolixed this
business.
For the season OF iSs4-s5 the earnings
were as follows: Pacific Mail and occi-
dental & Oriental line. Japanese tea.
SIS. SIS. 70. Chinese tea, So. SO. rs. Cana
dian Pacific line. Japanese tea, siii. ~:
Chinese tea 81. see If. Northern Pacific.
Japanese tee. ss4. es9 .; Chinese tea. $20 :
a. g. Total earnings. japanese tea. $780,
seS.ga Chinese tea, Sls2,i5S.ie.