AN AID TO GERMAN SHIPPING.
The" establishment of a ship mortgage bank at Hamburg appears 'to be the latest project for assisting German shipping and shipbuilding industries. Hitherto the larger shipping companies, when in need of extra resources, have made use of the general money market by the issue of debentures, but tho smaller firms have only had limited opportunities 'of obtaining financial accommodation. With a mortgage bank, it is contended, they will be able to find the help they require in adding to their tonnage and thus extending the German mercantile marine after tho war, which tho press in general declares to be an "urgent necessity." It may be remembered that before the war suggestions for the establishment of ship mortgage banks were viewed with much disfavour in Hamburg and other shipping centres.
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Evening Post, Volume XCIII, Issue 101, 28 April 1917, Page 10
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134AN AID TO GERMAN SHIPPING. Evening Post, Volume XCIII, Issue 101, 28 April 1917, Page 10
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