NEW ATLANTIC SHIPPING LINE PROPOSED
GOVERNMENT DISAPPROVAL (BRITISH OFFICIAL WIRELESS.) (Received December 21, 7.5 p.m.) RUGBY, December 20. The proposal of a British group to buy Red Star liners and organise a new trans-Atlantic service at cheap rates was again raised in the House of Commons. Mr Neville Chamberlain (Chancellor of the Exchequer), replying to a question, refused to reconsider his decision to discourage the necessary capital issue to finance this project. He said the recent revision of the scheme by the promoters did not alter the fact that it would revive uneconomic competition to the prejudice of British interests in the North Atlantic trade.
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Press, Volume LXX, Issue 21354, 22 December 1934, Page 15
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105NEW ATLANTIC SHIPPING LINE PROPOSED Press, Volume LXX, Issue 21354, 22 December 1934, Page 15
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