SHIPPING INDUSTRY
IMPROVED TRADE
ALMOST BACK TO 1929 LEVEL
(British Official Wireless.) RUGBY, October 7.
Lord Essendon, the well-known ship owner, in a speech, outlined the influences, beginning With the subsidy on British tramp tonnage, which had contributed to the improved conditions prevailing in the shipping industry. He said that he thought it probable that the volume of world trade as a whole was now within about 10 per cent, of the 1929 level. _ v ' He expressed the view that shipping should be able to look forward to a fairly long period of trading in conditions which would enable it to make good some part of the arrears of depreciation. • '
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Bibliographic details
Evening Post, Volume CXXIV, Issue 87, 9 October 1937, Page 9
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110SHIPPING INDUSTRY Evening Post, Volume CXXIV, Issue 87, 9 October 1937, Page 9
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