BRITAIN’S SHIPPING
DECLINE IN CONSTRUCTION
[BY CABLE —PRESS ASSN. —COPYRIGHT.]
(Recd. Jan. 19. 8 a.m.). LONDON. January IS
Lloyd’s quarterly returns reveal a most serious decline in British mei - chant shipping tonnage construction, being 105,719 tons lower than in the previous quarter, and 345.664 lower than last year. The United Kingdom is building only 29.2 per cent, of the world tonnage, compared with ten years ago, when the total equalled the remainder of the tonnage -worldwide. The decline is directly attributable to subsidies and lower wages whereby foreign countries are building 40 per cent, cheaper. Germany is leading -with 355,737 tons constructing, and thereafter come Japan and the United States.
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Greymouth Evening Star, 19 January 1939, Page 7
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110BRITAIN’S SHIPPING Greymouth Evening Star, 19 January 1939, Page 7
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