SCRAP TONNAGE PROBLEM.
. "In every port I found ships which had formerly been British flying foreign flags 4nd carrying cargoes which formerly were carried in British ships," said Sir Harold Bellman, head of the Geat Abbey Road Building Society of London, on his return from an extended African tour. "I learned that they had been bought at almost scrap prices, that many of them were helped by subsidies.and that no sooner was the sale complete than they began, with lower wages and lower running costs, competing with British-owned ships for cargoes riot only to foreign and Dominion ports but to. British ports. It seems plain suicide to allow this sale of old tonnage to continue unrestricted." -
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https://paperspast.natlib.govt.nz/newspapers/EP19340108.2.125.6
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Evening Post, Volume CXVII, Issue 6, 8 January 1934, Page 10
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116SCRAP TONNAGE PROBLEM. Evening Post, Volume CXVII, Issue 6, 8 January 1934, Page 10
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