SHIPPING SUBSIDIES.

Auckland Star, Volume LXIII, Issue 238, 7 October 1932, Page 7

SHIPPING SUBSIDIES.

Serious Effects on British Companies. MUST COUNTERACT DUMPING. (Received 10.30 a.m.) LONDON, October C. A special committee of the Chamber of Shipping submitted to shipowners a scheme for the voluntary laying up of ships, but the replies indicated that the support would be insufficient. The council decided to explore the possibilities of scrapping, and also discussed the serious position due to the continued decline of world trade and the growth of foreign subsidies for shipping. The council endorsed the committee's recommendation to place the matter before the Government with a view to getting it remedied by the World Economic Conference, adding that "failure to secure agreement by the conference must inevitably force the United Kingdom to consider methods to counteract the dumping of subsidised shipping services." ROYAL PRINCES. TRAVELS IN SCANDINAVIA. (Received 12 noon.) RUGBY, October 6. The Prince of Wales and Prince George, who have shown very keen interest in inspecting many leading Swedish industries, accompanied by the British Minister, Mr. Clark Kerr, left Stockholm by air on a visit to a famous steel works and saw the mills at Sandvikei and Korsnaas. The Prince of Wales will pay a short private visit to Holland on his homeward journey. He will fly from Malmo to Rotterdam on October 13 and will stay at the British. Legation. Holland is one of the few European countries His Royal Highness has not previously visited. Prince George will fly straight home on October 12. The Princes, in bitterly cold and showery weather with strong winds, made a seaplane flight yesterday to two of Sweden's chief industrial centres in the north of Stockholm. The Prince of Wales for a considerable part of the flight sat in the cabin beside the pilot. On returning to Stockholm the Princes were welcomed by 10 'planes. They later held a reception to members of the British colony. This evening King Gustav will be the guest of the Prince of Wales at dinner at the British Legation.

FURTHER SHAKES. TREMORS AT MOUNT ATHOS. (Received 9.30 a.m.) ATHENS, October 6. Earth tremors are recurring at Mount Athoe. The monastery has been damaged to the extent of £13,000. The cupolas and porticos are badly cracked, and a portion of the church is leaning at a dangerous angle. RECORD HUNTING. KINGS FORD SMITH'S PLANS. SYDNEY, October 6. Sir Kingsford Smith announces that lie intends to make another attempt in the New Year to lower the flying record both ways between Australia and England. Before leaving, the airman will fly the Southern Cross to New Zealand and tour i>oth islands. , _ ;