The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1919-08-06
NEW MARINE POLICY
IMPERATIVE

avn I WI 4kS6us
quarters: e +.
"Those Japs are an aggressive lot
in trade, and Mr.. Wilson has found
them to be an aggressive lot in dip
lomacy. Just recently a new Japan
csc steamship line, the Kokusai Kisen
kaisha, has been organized in Yoko-
mama with a capitalization of $780,
OOO,OO, being a merger of the Togo
hisen Kaisha, the Asano dock ward
and a number of other important COM
mercial and industrial companies. The
new line into New York is to have
100000 tons of ships, and five rout-
es Of travel are on the program which
include pretty nearly all the import
ant ports in China, India, Hawaii, the
Latin Americas, San Francisco, Gal
weston, New Orleans, and New York
while route number s passes through
the Suez Canal, skirts Europe around
to Hamburg and Riga, and return.
mo American financial interests
are included in this project, the rea-
son given being that it would be i'm
possible to get as much money in the
form Of subsidies. Under the present
Japanese laws, the vessels to be used
in the subsidized service must be
Japanese-built steamers of over 5000
tons gross, not more than Is years
old, and having a speed exceedingly
vessels under 5 years old, and nut
on service with the sanction of the
authorities one half Of the subsidy
is granted. This new company is
being assisted by the Japanese In
dustrial Bank and the Government.
OF the ITS yen ($87.5O) required per
ton, 1875 yen is to be advanced by
the bank through d%ebentures, the re-
mainder to be secured fromthe Gov
eminent. For this accommodation
the Bank will also issue debentures
on the security Of which the Govern.
ment will issue the money. The
Japanese are very definitely embark
ed on q marine. policy Of private con-
troll with adequate assistance from
the Government in the form Of sub
sides. Japan knows we'll the value
OF her carrying trade as a commerce
developer.
While tonnage statistics available
are not very satisfactory, it is CLEAN.
ed from the Monthly Summary Of the
Department Of Commerce that during
the II months ended May last. 49,.
100000 tons Of vessels entered and
cleared American ports. OF this ton.
mage, 47,020,000 was foreign and
36,64O,0O0 was American, either new
or operating under our flag. OF The
American tonnage, 900 tons
piled between the United States ani
North American ports, leaving abou,
.6,192,OO0 tons to carry on our trade
with the rest Of the world. IL an.
pears that our total trade with th.
North American division for this per
iod was valued at 2,07s,O0o,0oO, Q,
which about $1,2e2,0OO,00O was del
lvered in cars and other land vehi
Giles, leaving about $856pO0.OO,
worth to be carried by the 30,34s.Ool
tons OF freighters. This left abou,
5000, 00O,0 200 as the value Of GU,
trade with the rest of the world, Q,
which foreign tonnage moved abou
1866, 0O0, 900 worth, leaving $1,2ss.
100000 the value of the trade movet
by American vessels plying between
all ports other than those Of Nort]
America. During this am perio,
the total tonnage Of the Unite,
Kingdom entering and clearing Am
erican ports was 15,26O,0O0 ton.
which delivered for US domestic ex
ports to the value Of SO ,232,oOo,o 600
and brought to us imports to tn
value Of SAL 100000. Japanese ton
mage entering and clearing totaled /,
1900 tons, delivering 1896, 900 90
worth OF American goods and bring
ing us $4s5,o0o.o 900 worth.