PACIFIC SHIPPING
A MISUNDERSTANDING
LONDON, May 31.
The city editor of "The Times" ascribes to a misunderstanding reports of a all in the Pacific shipping negotiations due to the shipping companies considering a request for detailed information of earnings. The companies state that they have not been approached. If it was found that one section of business was causing serious loss they would normally eliminate sailings and concentrate on profitable routes, but it is realised that in the present instance Imperial interests are involved. The lack of an announcement of a decision enabling a continuance of the Vancouver service is most disappointing.
It was reported on May 26 that the Australian Associated Press agency understood that the reason for the lull in the Pacific shipping negotiations was that the companies were studying the requests of the British and Dominion Governments for detailed information as to their profits from all lines in which they are concerned. It was understood' that the companies had been informed that if a subsidy was granted in the Pacific it would take account not only of losses there but also of profits oa ctfher routes.
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Bibliographic details
Evening Post, Volume CXXI, Issue 128, 1 June 1936, Page 9
Word Count
189PACIFIC SHIPPING Evening Post, Volume CXXI, Issue 128, 1 June 1936, Page 9
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