SHIPPING SUBSIDIES
U.S.A. DISCLOSURES. [by CABLE —PRESS ASSN. —COPYRIGHT.] WASHINGTON, December 8. At the Senate’s steamship hearing regarding mail subsidies to-day the Committee considered the American West-African Steamship Line, operating between New York and New Or* leans and West African ports. Over a period of five years, the mail subsidies amounted to 1G14,000 dollars, equal to about 26,000 dollars pei pound, without which the . concern would have shown over a million dollars of a loss, instead of a small profit that it did show. The Company’s executives admitted at the hearing that it was necessary at the time to have the Company agents direct mail over the line to bring the ships within the provisions of the Mail Subsidy Act. BRITISH RETALIATION. LONDON, December 9. The Chancellor of the Exchequer, Mr Neville Chamberlain, said: “We are not going to see British ships swept off the face of the ocean. Ave mean in one way or another, to defend ourselves.” The “Sunday Express” understands that the British tramp steamer owners’ request for three million subsidy will be granted within three weeks.
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Greymouth Evening Star, 11 December 1933, Page 7
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180SHIPPING SUBSIDIES Greymouth Evening Star, 11 December 1933, Page 7
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