SHIPPING INDUSTRY
NO PROFIT IN IT. 1 REDUCTION IN VALUES. CONDITIONS IN BRITAIN. BY GABLE—PRESS ASSOCIATION— COPYRIGHT. Received .Tan. 16, 10.52 a.m. LONDON, Jan. 15. Speaking at the launching of a ship at Napier and Miller’s yards at Glasgow, Sir William Raeburn said that he did not believe there was a freight in the world which would cover the working costs of the new vessel. A ship which his firm put on the stocks in 1020 for £225,000 was offered to him yesterday for £45,001. If the workers had been partners in the shipping industry during recent years, they would have had to pay back a large proportion of their wages.—Aus.-N.Z. Cable Assn.
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Hawera Star, Volume XLV, 16 January 1926, Page 5
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113SHIPPING INDUSTRY Hawera Star, Volume XLV, 16 January 1926, Page 5
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