SHIPPING SLUMP.
REDUCTION IN BUILDING.
(Australian and N.Z. Press Association.)
(Received 1.30 p.m.)
LONDON, October 10.
A reduction of 113,000 tons of shipping at present under construction compared with three months ago is recorded by Lloyds shipping and building returns, also' a reduction of 500,000 compared with September 30 last yar.
Tho north east coast has suffered n decrease of 47 per cent and the Clyde 28 per cent.
The world's tonnage under construction amounts to 2,521,000 tons, of which 43 per cent is building in Britain.
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Bibliographic details
Auckland Star, Volume LIX, Issue 246, 17 October 1928, Page 7
Word Count
87SHIPPING SLUMP. Auckland Star, Volume LIX, Issue 246, 17 October 1928, Page 7
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