FORD'S PURCHASE
FLOATING WHITE ELEPHANTS,
(DNtTED PMSS ASSOCtATIOS—«<)PXP.IQBT.)
iiUSTRALIAN-NEW ZEALAND CABLE AtJOCIAIION.) WASHINGTON, 6th May.
In selling 200 merchant marine vessels to Mr ; Henry Ford for 1,706,000 dollars, the United States has lost approximately 150,000,000 dollars. The ships, which were built during the war, cost between 700,000 and 800,000 dollars each, and they were sold to Mr. Ford for 8530 dollars each.
Mr. Ford will scrap' most of the ships shortly. He has the permission of the Shipping Board to retain fifty ships, and equip them with Diesel engines for the trans-Atlantic and South American trade, but it is understood that he will retain only one or two. The disposal of these vessels to Mr. Ford leaves 321 still on tho market, for which the board will soon ask for bids, in order to clear np the surplus now dogging the harbours and lagoons on Iho Atlantic.
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https://paperspast.natlib.govt.nz/newspapers/EP19250807.2.63
Bibliographic details
Evening Post, Volume CX, Issue 33, 7 August 1925, Page 7
Word Count
147FORD'S PURCHASE Evening Post, Volume CX, Issue 33, 7 August 1925, Page 7
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