WAITING TO SELL OUT
U.S.A. AND SHIPPING BUSINESS.
CONIIEU PRESS ASSOCIATION.—COFIMOir.)
U»STIIAI,IAK.NBW ZiALAND OUIB AeSOCUIIBH.J
WASHINGTON, 14th April.' Following a conference between President Harding and the Skipping Board, it_ is announced that the Government will remain in the shipping business, until it can" sell its lines without unjustifiable loss. The statement declared that with the failure of the Subsidy Act the Shipping Board is confronted with the vast possession of ships and heavy losses. Under the existing plan of allocated operation under managing agents the board will proceed to consolidate the foreign trade lines, and then offer for sale these Bhips on suitable guarantees of maintained service. If such sales cannot be mads without unjustifiable sacrifice of ships, then the Government will proceed to direct Government operation, which will be aggressively pursued.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19230416.2.90
Bibliographic details
Evening Post, Volume CV, Issue 90, 16 April 1923, Page 7
Word Count
132WAITING TO SELL OUT Evening Post, Volume CV, Issue 90, 16 April 1923, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.