SHIPPING TONNAGE
REASON FOR INACTIVITY CURTAILMENT OF IMPORTS LONDON, April 16. The shipping newspaper “Fair Play’’ quotes remarks by a cargo-boat-owner, discussing the enormous oversupply of tonnage, saying that it must be a case of the survival of the fittest, to which another owner replied that there was no over-supply of tonnage but an under-supply of cargo. It is pointed out that if the trade of the world had increased in the same percentage 18 years after 1914 as it did during tho 18 years previous, there would not be sufficient tonnage to carry the cargoes. This was borne out as recently as 1929, when practically the whole of the vessels of the world were employed. The present unfortunate position of the shipping trade is due to the fact that over 30 nations have stopped importing, while other nations are cutting down imports as much as possible.
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Hawke's Bay Tribune, Volume XXIII, Issue 106, 18 April 1933, Page 8
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147SHIPPING TONNAGE Hawke's Bay Tribune, Volume XXIII, Issue 106, 18 April 1933, Page 8
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