I hereby promulgate the Law abolishing the Shipbuilding Business Law.
Signed:HIROHITO, Seal of the Emperor
This thirteenth day of the twelfth month of the twenty-second year of Showa (December 13, 1947)
Prime Minister KATAYAMA Tetsu
The Shipbuilding Business Law and the Ordinances issued in accordance therewith shall be abolished.
Supplementary Provisions:
This Law shall come into force as from March 31, 1948.
With regard to the taxation on and liquidation of the Shipbuilding Association and the Federation of Shipbuilding Associations as well as the application of penal provisions of the Shipbuilding Business Law to such acts as have violated the same Law prior to the enforcement of this Law, the former Law and the Ordinances issued in accordance therewith shall remain in force even after the enforcement of this Law.
Minister of Finance KURUSU Takeo
Minister of Commerce and Industry MIZUTANI Chozaburo
Minister of Transportation KITAMURA Tokutaro
Prime Minister KATAYAMA Tetsu