SHIPPING INDUSTRY
DEPRESSION OF LAST 18 MONTHS FUTURE NOT VIEWED WITH DISMAY. (United Press Association—By Cable Copyright.) (Received 10, 10.20 a.m.) London, Dec. 9. A chill prevented Lord Inchcape from presiding at the P. aud O. meeting. Lord Shaw, deputy-chairman, road Lord Inchcape’s speech in which ho stated that he had never known such a period of depression in shipping as during the last eighteen months. It was heartrending to see steamers start for Australia and the East week after week with thousands of tons of unoccupied spaco The deficiency had been much the same in the case of many homeward-bound ships; but he did not view the future with dismay especially now that there is a strong National Government and no longei any danger of Bolshevism or Communism. He felt that “we would hear no more of nationalisation and that industry would be allowed to work its own salvation.”
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Bibliographic details
Hawke's Bay Tribune, Volume XXI, Issue 306, 10 December 1931, Page 7
Word Count
150SHIPPING INDUSTRY Hawke's Bay Tribune, Volume XXI, Issue 306, 10 December 1931, Page 7
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