AUSTRALIAN STATE SHIPPING LINE
CANBERRA, Dec. 10
The Minister of Fuel and Shipping, Senator W. P. Ashley, told the Senate that he was confident that the proposed Commonwealth-owned shipping line would operate at a profit, as it would not have the disadvantages faced by the Commonwealth Line of 1916-23.
He introduced the Shipping Bill and moved its second reading. Mr. Ashley said the Government’s main objective was the maintenance of the Australian mercantile marine and shipbuilding industry. The new line would be equipped with modern, suitable vessels and would operate at first in the coastal and Islands trade. The bill did not provide for nationalisation.
Every effort would be made to establish shipbuilding on a permanent basis in Australia by refusing licenses to operate in the Australian coastal trade to all but Australian-built ships under 24 years old. The Commonwealth would subsidise shipping companies by reselling ships at less than the cost of construction.
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Bibliographic details
Gisborne Herald, Volume LXXV, Issue 22817, 11 December 1948, Page 3
Word Count
154AUSTRALIAN STATE SHIPPING LINE Gisborne Herald, Volume LXXV, Issue 22817, 11 December 1948, Page 3
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