Word: hamadas
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Dates: during 1923-1923
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...After a few years Tokio wil be a new capitol, built in the most modern style," declared Chosaku Hamada, a commissioner of the Japanese Department of Agriculture and Commerce, in an interview for the CRIMSON yesterday...
...year Mr. Hamada has been studying business conditions in Europe as a representative of the Japanese Government and will return to Japan next week...
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...