COSTLY SHIPPING
Lord Inchcape (chairman of directors of the British India and P. and 0 Companies) says that there will be a difficulty in working ships costing two and three times: more than before the war, and in yielding a profit, says a London message. It will be necessary to write down drastically the value of new ships as soon as they are in the water. There had becm a good deal of talk about nationalisation or some sort of Government control of shipping after the war,_but this idea had happily been 'set asiaVby a Government pronouncement. Those advocating the policy of nationalisation did not- appreciate the fact that the greater part of Bsitish shipping was normally employed in international trade. The high priest of this policy recently resigned from the Government because his views ware rejected. Shipowners did not' want Government help.' All they wanted was no unnecessary interference. Had nationalisation been attempted' it would have proved an egregious failure. ■
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Bibliographic details
Evening Post, Volume XCVI, Issue 156, 30 December 1918, Page 2
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161COSTLY SHIPPING Evening Post, Volume XCVI, Issue 156, 30 December 1918, Page 2
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