STILL DEPRESSED.
BRITISH SHIPPING INDUSTRY. RECORD LOW FREIGHTS. BV CABLE —PRESS ASSOCIATION—COPYRIGHT Received Feb. 15, 12.30 p.m. LONDON, Feb. 14. “The depression in the shipping industry continued and deepened during the past year,” is the opening sentence of the report of the Chamber of Shipping of the United Kingdom. The depression is attributed to the- continued existence of more ships and to fewer cargoes than before the war. Freights were at a record low level, even below pre-war prices. Nineteen cargo carrying companies, with a paid up capital of three million were wound up in 1925. Referring to the recent seamen’s strike, due to a senseless dispute between two unions, the report says that the malcontents gained nothing thereby, but it cost those who trusted them untold and unnecessary suffering, as well a.s grave financial loss.-—Reuter.
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Hawera Star, Volume XLV, 15 February 1926, Page 9
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136STILL DEPRESSED. Hawera Star, Volume XLV, 15 February 1926, Page 9
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