BRITISH SHIPPING IN EAST
FACING SUBSIDISED COMPETITION
LONDON, March 10,
Pointing out the disastrous, effects of subsidised shipping competition in the Far East, under which Italians and Germans are able to provide luxurious accommodation and superior speeds, the Imperial Shipping Committee, of which the New Zealand High Commissioner (Mr W. J, Jordan) is a member, especially emphasises the Japanese expansion, which, by currency depreciation and lower standards of living, operates at 10 to 15 per cent, below the comparable British ships. The committee recommends greater co-operation by British shipowners and more devolution of management, and that, if the Governments feel that British lines should be supported, consideration should be given to the practicability of financial assistance to modernise the fleets. But this would be unavailing unless something were done to ensure that Britain might get a fair and reasonable share of the trade between the Empire and Japan, the urgency and importance of which merit most serious consideration by the Governments.
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Press, Volume LXXV, Issue 22658, 13 March 1939, Page 11
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161BRITISH SHIPPING IN EAST Press, Volume LXXV, Issue 22658, 13 March 1939, Page 11
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