STILL SLIPPING

Grey River Argus, 4 May 1934, Page 5

STILL SLIPPING

(Aus. A N.Z. Cable Assn.) (Received May 3 at 7.10 p.m.) LONDON, May 2. The annual repo-Jt of the Mercantile Marine Association states:— Foreign countries have so undermined all efforts at our sh : pping recovery that optimistic statements would b e misleading, and only jeopardise crar plans under consideration to relieve cur much-harrassed industry] The net shipping income in 1933 was sixty-five millions sterling compart’d with 105 m’Hions in 1930. British tonnage decreased to 27.5 per cent, of the world tonnage, compared to 40 per cent ’in 1913. Australia’s tendency is increasingly to utilise British vessels. It has brought favourablel notice. LONDON. May 2. Tn the Lords, Lord Mottistone appealed for a recognition of the urgency of a common Empire p'olicy to meet the shipping position, arising from foreign subsidies. He cited the American Line’s capture of New Zealand trade with the help of the subsidy, equivalent l.q £lO each letter. Lord Templemore replied that ns soon as the Government formulated the main linos of t.he policy to aid shipping, the Dominions would be consulted.