THE SHIPPING DEPRESSION
CONDITIONS IN BRITAIN. EFFECT OF RECENT STRIKE. (Per Press Association—Copyright.) LONDON, February 14. "Depression in the shipping industry lias continued and deepened during the past year." This is the opening sentence of a report of the Chamber of Shipping of the United Kingdom. The depression) is attributed to the continued existence of more ships and to fewer cargoes than before the war. Freights are at a record low level, even below pre-war prices. Nineteen cargocarrying companies, with a paid-up capital of £3,000,000, wore wound up in 1925. Referring to the recent .seamen s strike, due to a senseless dispute between two unions, the report says:— "The malcontents gained nothing thereby, but it cost these who trusted them untold, unnecessary suffering, as well as grave loss."
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Bibliographic details
Ashburton Guardian, Volume XLVI, Issue 10672, 17 February 1926, Page 3
Word Count
128THE SHIPPING DEPRESSION Ashburton Guardian, Volume XLVI, Issue 10672, 17 February 1926, Page 3
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