TRAMP SHIPPING
No Assistance After End Of Next Year
SUBSIDY OF £2,000,000 IN 1937 (BRITISH OFFICIAL WIRELESS.) (Received November 12, 7.30 p.m.) RUGBY, November 11. The president of the Board of Trade (Mr Walter Runciman) announced in the House of Commons that the Government proposed to submit proposals providing for the payment of a tramp shipping subsidy not exceeding £2,000,000 in 1937, subject to the same general conditions as apply to the present year. These conditions provide for a decrease or the disappearance of the subsidy if the average level of freight rates for the year approaches or passes that of 1929. The industry will be expected to make its plans on the definite assumption that no subsidy will be paia after the end of 1937.
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Bibliographic details
Press, Volume LXXII, Issue 21939, 13 November 1936, Page 9
Word Count
126TRAMP SHIPPING Press, Volume LXXII, Issue 21939, 13 November 1936, Page 9
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