SHIPPING DEPRESSION
ENGLAND’S BAD YEAR
NINETEEN COMPANIES WOUND UP.
Press Association —By Telegraph—Copyright
LONDON, February 14. “The depression in the shipping industry has continued and deepened during the past year,” is the opening sentence of the report of the Chamber of Shipping of the United Kingdom. The depression is attributed to the continued existence .of more ships and to fewer cargoes than before the war. Freights were at a record low level, oven before the pre-war prices. Nineteen cargo-carrying companies with .a paid-up capital of £3,000,000 were wound-up in 1925. Referring to tho recent _ seamen’s strike, due to a senseless dispute between two unions, tho report says that tho malcontents gained nothing by the strike, but it cost those who trusted them untold and unnecessary suffering as well as grave loss.—Router.
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Bibliographic details
Evening Star, Issue 19175, 16 February 1926, Page 5
Word Count
131SHIPPING DEPRESSION Evening Star, Issue 19175, 16 February 1926, Page 5
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