WORLD’S TRADE
SIGNS OF RECOVERY. BRITISH SHIPPING READY. TO MEET COMPETITION. BY CABLE—PHESB ASSOCIATION—COPYRn-ffl Received 10.30 a.m. to-day. LONDON, Jan. 4. “There are signs of recovery of the world’s trade,’’ says the Hon. Alexander Shaw, writing to the periodical, ‘ 1 Shipping World, ’ ’ but it will be long before the industry is reasonably certain of securing a moderate return on capital. When the time comes the British mercantile marine will be ready to meet the whole of the world in fair and square competition. It does not seek protection, but only demands fair play in the international freight markets.”
Mr Shaw estimates the earnings of cargo companies on capital and reserves at. under three per cent, and the earning of liner companies at a little over 34 per cent. Such earnings are. insufficient. Seven out of ten years are lean for shipping, which depends on the other three years to recoup their losses and to provide new ships and interest on capital.—A.P.A. and “ Sun. ”
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Bibliographic details
Hawera Star, Volume XLVII, 5 January 1928, Page 5
Word Count
163WORLD’S TRADE Hawera Star, Volume XLVII, 5 January 1928, Page 5
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