U.S. MERCHANT MARINE
FUNDS FOR BUILDING. GENEROUSLY AIDED BY STATE. (United Press Assn.—By Cable— Copyright.] [Australian and N.Z. Press Assn.) (Received 24, 9.10 a.m.) Washington, May 23. President Coolidge signed the Jones-White Bill, designed to maintain a strong American merchant marine by aiding private ship operators. The Bill increases to 250,000,000 dollars the present 125,000,'(TOO dollars construction load fund to private ship--builders, and provides that money from the fund may be lent to 75 per cent, of the value of the shipsto be built. The Bill also increases the present rates for contract mail carrying and provides that Unitde States Shipping Board vessels may be sold to private interests only by the vote of five of the seven members.
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Bibliographic details
Hawke's Bay Tribune, Volume XVIII, Issue 137, 24 May 1928, Page 5
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119U.S. MERCHANT MARINE Hawke's Bay Tribune, Volume XVIII, Issue 137, 24 May 1928, Page 5
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