SHIPPING SUBSIDIES
DISASTROUS COMPETITION. [by CABLE —PRESS ASSN. —COPYRIGHT.] (Recd. March 11, 9.40 a.m.) LONDON, March 10. Pointing out the disastrous effects of subsidised shipping competition in the Far East, under which Italians and Germans are able to provide luxurious accommodation and superior speeds, the Imperial Shipping Committee, of which Mr Jordan is a member, especially emphasises Japanese expansion, which, by currency depreciation and lower standards of living, operates at 10 to 15 per cent, below comparable British ships. The Committee recommends greater co-operation between British shipowner’s, and more devolution of majiagement. If the Governments feel that British lines should be supported, consideration should be given to the practicability of financial assistance to modernise the fleets, but this will be of no avail, unless something is done to ensure that Britain will get a fair and reasonable share of trade between the Empire and Japan. The urgency and importance of this merit the most serious consideration of the Government.
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Greymouth Evening Star, 11 March 1939, Page 7
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159SHIPPING SUBSIDIES Greymouth Evening Star, 11 March 1939, Page 7
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