Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

MILLIONS FOR SHIPS SUNK

I Mr Will Thome recently asked the Chancellor of the Exchequer in the House of Commons how much had been paid by tho Government out of public funds to shipowners in compensation for ships stink by the enemy between August 4, 1914, and the date of the armistice; what was estimated to have been the original. cost to the shipowners of these ships; and whether anj^ taxation .had. b.een; ; ;;levied on, r the ' sums paid to shipowners' in this way in excess of the original coßfc.

Colonel Leslie Wilson (Parliamentary Secretary to the Minister of Shipping), In a written answer,' states: I assume that the . hon. member refers to British ships lost while under Government requisition, and at direct Government risk, and does not includo vessels insured in the Government War Risk Associations. The amount paid was £104,031,271, and the first cost to owners was £51,1,16.800. In addition £1,358,826 was paid in respect of 25 ships whoso first coet is not known. There aro also a few' cases noi yet settled. So far as I am aware, no taxation is levied on these sums, which represent capital, not incomo, and are required to replace th« vessels. Building costs are now from two to' three times what they were before the war.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19190428.2.9

Bibliographic details

MILLIONS FOR SHIPS SUNK, Ashburton Guardian, Volume XXXIX, Issue 9596, 28 April 1919

Word Count
215

MILLIONS FOR SHIPS SUNK Ashburton Guardian, Volume XXXIX, Issue 9596, 28 April 1919

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working