AGAINST SHIPPING SUBSIDIES
British Cabinet’s Policy ALTERNATIVE METHOD LIKELY By Telegraph.—Press Assn. —Copyright. (Received December 12,10.15 p.m.) London, December 12. The “Daily Telegraph” says the President of the Board of Trade, Mr. Walter Runciman, is expected to make a statement in the House of Commons on Wednesday to the effect that Cabinet does not favour a policy of shipping subsidies, but is prepared to consider an amendment to the navigation laws with a view to achieving the desired result: Speaking at Newcastle, Mr. Runciman estimated that foreign exchequers are paying nearly £30,000,000 in cash each year to support their shipping. There was a good deal of truth in the contention that it was unfair to throw the trade between Britain, India and Australia open to vessels of all nations, when British and Scandinavian ships were the only ones not receiving Government assistance. Eventually the most efficient would win. Meantime, Mr. Runciman added, the taxpayers of all countries will have to bear an enormous burden.
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Dominion, Volume 27, Issue 68, 13 December 1933, Page 9
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164AGAINST SHIPPING SUBSIDIES Dominion, Volume 27, Issue 68, 13 December 1933, Page 9
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