GENERAL CABLES
♦— THE SHIPPING PROBLEM. BUILDING INDUSTRY UNSETTLEI 1 (A. and N.Z. Cable Association.) LONDON, November 30. 3 Mr. Archibald Hiird, in the "Dailj . Telegraph," discussing the shipping problem,' says that it no longer pays I to build cargo carrying' vessels inßri . tain, though there is still a demand for iliners and oil tankers. Freight? r have fallen so heavily and running ' i » ... = charges 1 are so high. Moreover, there is much 'ca canny in the shipbuilding . industry, some yards paying for eight hours' work, and on*y receiving five- ! and-a-half- to six. Tlie Cunard liner Samaria cost an extra quarter of- a mil- ; lion owing to the 'ca canny policy' i Cargo vessels are now costing- three or four times the pre-war amount. As seven miUipn tons of shipping, will take the water within the year, the immediate prospects are bad. There arc still orders in hand, but . new. ones. [ are not coming in,.
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Bibliographic details
Grey River Argus, 2 December 1920, Page 3
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154GENERAL CABLES Grey River Argus, 2 December 1920, Page 3
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