PACIFIC SHIPPING
Canadian Line Ready To Build Two Vessels
SUBSIDY QUESTION (By Telegraph—Press Assn.—Copyright.) LONDON, June 18. Sir Edward Beatty, President of the Canadian Pacific Railway, upon arrival at Southampton indicated that orders would be placed immediately for two ships for the Canadian-Australian line in the Pacific if the British and Dominion Governments reached agreement regarding subsidy. It would be necessary’ to build ships of at least 22,000 tons with a speed of 22 knots. The cost would be in the region of £2,500,000. Sir Edward intends to confer with the Hon. Alexander Shaw, chairman of the P. and O. Line, the Hon. W. Runciman, President of the Board of Trade, and Mr Malcolm MacDonald, Dominions Secretary. The amount of the subsidy is unsettled, but it will be divisible between the Imperial Government and the Governments of Australia, New Zealand, Canada and Fiji. Sir Edward is very hopeful of a settlement in order that the Empire route be preserved.
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Bibliographic details
Hawke's Bay Tribune, Volume XXVI, Issue 158, 19 June 1936, Page 7
Word Count
159PACIFIC SHIPPING Hawke's Bay Tribune, Volume XXVI, Issue 158, 19 June 1936, Page 7
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