BRITISH SHIPPING

Evening Star, Issue 21711, 4 May 1934, Page 9

BRITISH SHIPPING

DIFFICULT DAYS HARASSED BY FOREIGN SUBSIDIES Press Association —By Telegraph—Copyright. LONDON, May 2. • The annual report of the Mercantile Marine Association states that foreign countries have so undermined all efforts towards a shipping recovery that optimistic statements are misleading, and only jeopardise the plans under consideration to relievo a much harassed industry. The net shipping incopie for 1933 was £05,000,000, compared with £105,000,000 in 1930. British tonnage decreased to 27.5 per cent, of the world tonnage, compared with 40 per cent, in 1913. Australia’s tendency increasingly to utilise British vessels' brought favourable notice. POSITION GROWING WORSE (British Official Wireless.) RUGBY, May 2. A return of shipping movements at British ports reveals that foreign trade arrivals with cargo in March showed an increase for the ninth successive month compared with the corresponding period of the previous year, the advance in this instance amounting to 5.7 per cent. Arrivals in ballast were 6.0 per cent, greater, and departures with cargo and in ballast 3.7 and 7.9 per cent, heavier respectively. The coasting trade also showed all round advances. For the first quarter of 1934 foreign trade arrivals with cargo were between 6 and 7 per cent., and clearances in ballast nearly 10 per cent, greater than the March quarter of 1933.