PACIFIC RELATIONS

Greymouth Evening Star, 17 August 1933, Page 12

PACIFIC RELATIONS

GOVT. SUBSIDIES TO SHIPPING fBY CABLE—PRESS ASSN. —COPYRIGHT.] BANFF (Alberta) August 15. A round-table conference at the fifth biennial Convention of the Institute of Pacific Relations discussed the shipping question, with the opinions being expressed that the Government's were seeking to set up merchant marines in the event of another war. Other points that were developed included the fact that the Governments also want to lower the cost of transportation with the effect of lowering the cost of commodities. They also wish to capture the markets *and shipping. The Japanese delegate expressed the opinion that if it were not for her subsidies, Japan could not boast of her present mercantile service, with its modern ships. The trend of the discussions went to show that the United States subsidised its New Zealand shipping to hold this sphere of industry against Great Britain.

The discussions also revealed that the United States in subsidising the Dollar lines and Australian ships, required that two thirds of the crews should be American citizens. According to the round the table opinions it was believed that the Japanese and United States Governments were spending more money than they can afford.