BRIGHTER OUTLOOK.
BRITISH SHIPBUILDING. (Receivc-d 2 p.m.) LONDON, February 26. The annual report of the Chamber of Shipping says that it is impossible for shipbuilding to prosper as long as a surplus tonnage remains. Effective rationalisation by British builders had assisted the shipbuilding industry in weathering the storm, but prosperity must ultimately depend upon a revisal of the economic demand for new tonnage. With the scrapping now going on, and that which may result from 'tfiteniational action, the time will be brought nearer when shipbuilding will be restored to a healthy state in which it can rely on new construction needed to replace marine losses, wear and tear, and the steady, moderate progress required for the expansion of trade. This will be more healthy than sporadic bursts of activity resulting from artificial measures.
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Auckland Star, Volume LXVI, Issue 49, 27 February 1935, Page 7
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133BRIGHTER OUTLOOK. Auckland Star, Volume LXVI, Issue 49, 27 February 1935, Page 7
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