OCEAN MAILS.
AMERICAN POLICY. Roosevelt Proposes to Stop Present Subsidies. SUBSTITUTE PLANS. (United P.A.—Electric Te.'egrapU—Copyright) (Received 10 a.m.) WASHINGTON, March o. President Roosevelt, in a special message to Congress, proposed the termination of the present ocean mail contracts and the maintenance of an adequate merchant marine under direct Government subsidy. Also he proposed the transfer of the quasi-judicial and quasi-legislative duties of the Shipping Board to an Inter-State Commerce Commission. The message stated: "The lending of money for shipbuilding has in practice been a failure. The Government also is paying annually 30,000,000 dollars for the carriage of mails which should cost only 3,000,000 dollars. "The subsidy should cover the difference between the American and foreign shipping costs, both in building and. operating, and the subsidies granted by other Governments."
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Auckland Star, Volume LXVI, Issue 55, 6 March 1935, Page 7
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129OCEAN MAILS. Auckland Star, Volume LXVI, Issue 55, 6 March 1935, Page 7
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