EMPIRE SHIPPING
DRAFT AGREEMENT GOVERNMENT ASSISTANCE. (United Press Association —By Eleetriq Telegraph—Copyright). (Received this day at 10.30 a.m.) SYDNEY, September 16. The “Herald’s” Canberra correspondent says the draft agreement for the provision of Government financial assistance for a British shipping service between Australia, New Zealand and Canada departs materially from the principles suggested by the Imperial Shipping Committee. It is understood the proposed agreement, details of which are being questioned by the Governments of New Zealand and Canada, will provide for contributions to the service as follows : Usual mail subsidy on the same basis as now applied between the three Dominions. An obligation by tlie - Governments of Australia, New Zealand, Canada and Britain in respect to the annual interest bill on the cost of two new ships which will operate the service.
An undertaking by the Governments jointly to guarantee a loan which will be necessary to pay for the ships.
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Hokitika Guardian, 17 September 1937, Page 5
Word Count
151EMPIRE SHIPPING Hokitika Guardian, 17 September 1937, Page 5
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