SHIPPING & THE WAR
BRITISH TRADE SACRIFICED
INCREASED WAR EXPORTS
NO SUBSTITUTE,
(ADS. AND N.Z. CABLE ASSN. AND RBOTER.)
LONDON, 29th July.
The Ministry of Shipping, in its statement on the work of shipping in connection -with tho war, says that, except for a few vessels engaged hi work vital ,to the colonies, and vessels chartered by France and Italy, the Government _ has requisitioned 97 per cent, of the British oceAn-going tramps. All lines have been ■requisitioned, and. the profits go to the Government, not to ■ the shipowners. Many, trades whioh have been built up in distant waters by British enterprise .have been abandoned to neutral shipping, and the withdrawal of ships has injured many export trades, particularly in India and the Far East, and also in ithe distant colonies. One effect of this is that the market value of neutral vessels is double that of the British. After describing the huge reductions in commericial imports' and exports, the statement says: "Wo have therefore sacrificed ruthlessly the needs of our industry and commerce. The temporary increase in our exports to our Allies is no substitute ■for the loss of our permanent trade."
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Bibliographic details
Evening Post, Volume XCIV, Issue 27, 1 August 1917, Page 7
Word Count
191SHIPPING & THE WAR Evening Post, Volume XCIV, Issue 27, 1 August 1917, Page 7
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