Word: hamada
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...session last week Foreign Minister Arita had to face critics of his frankly anti-Communist foreign policy. He stoutly denied he was interested in joining Japan to the Fascist group in Europe, said he wanted only to protect Manchukuo from Communist penetration. At these words, venerable Kunimatsu Hamada, a leader of the Seiyukai (minority party), rose to his feet, hurled with tacit approval of the majority party (the Minseito) furious accusations that the Army leaders aim at Fascism, that the Cabinet are "mere Army puppets!" To retort, up jumped fiery War Minister Count Terauchi. Amid civilian hoots and catcalls...
Meanwhile the College of Ulemas was deliberating on the choice of a successor, the rule of primogeniture not being necessarily observed. There were three candidates, all sons of the late Sultan. The youngest, a boy of 14, was finally chosen: Mulai Mohammed Hamada...
While Mr. Hamada was not present at the disaster, he has been constantly in touch with the Japanese official circles, and his position as Managing Director of one of the largest life insurance companies in Tokio has given him on opportunity to study the problem of reconstruction...
...explaining the financial aspects of the disaster, Mr. Hamada said, "It has menat a loss to the life insurance companies of more than 50 million Yenn, or about 25 million dollars. They can easily pay the loss but other departments, such as fire insurance are unable to pay because the amounts are so large. Many companies have been protected by earthquake clauses which were previously inserted in the policies...
...Hamada then discussed the organization of life insurance companies in Japan, comparing them to the European companies which he has been investigating for the Japanese Government during the past year. "The Government transacts the industrial business, but the ordinary insurance is carried by private companies. In Europe and especially on the continent all the insurance businesses are very weak. In Germany and Austria there are really no such concerns. Nearly all of them went bankrupt a year ago and under the present financial and political conditions it would be very difficult to restore them...