The law for Japan Nuclear Ship Development Agency

The Agency aims at developing nuclear-ships according to the priciples of the Atomic Energy Basic Law to promote the uses of atomic energy and help the progress of shipbuilding and marine transportation. The capital is 100 million yen plus the funds invested by the persons other than the government. The investment certificates are issued for the funds invested. The officers consist of the chief director, the representative director, not more than three directors and one auditor. The chief director and the auditor are appointed by the competent minister (the Prime Minister and the Minister of Transport) consulting with the Atomic Energy Commission. The representative director and directors are nominated by the chief director with approval of the competent minister. The scope of business includes the undertakings concerning nuclear ships, such as; the planning, building and operation; the training of the crew; the research and study; popularization of the results of such operations, etc. These activities are to be made in accordance with the basic program of nuclear-ship development determined by the competent minister. A chapter is dedicated to the finance and accounting, which includes provisions on the business year, authorization of the business program and others, the disposition of the business program and others, the disposition of profits and losses, and loans, etc. The Agency is supervised by the competent minister. (Okada, K.)