SKIPPING FREIGHTS.
CAUSES OF THE INCREASES.
[Phess Association.] (Received Jan. 27, 0.4.5 a.m.V LONDON, Jan. 26. Representatives of the shipping industry have furnished a statement to the Board of Trade showing in relation to tonnage and trade that there is not a deficiency in tonnage. They attribute, the increase in freights chiefly to the abnormal distribution of tonnage by the dislocation of oversea trafiic due to the war, by the Admiralty employing about one-fifth of the British tonnage, by the- United Kingdom and oversea trade being reduced "30 per" cent., by the oversea trade with Germany,, Austria, and Belgium, representing 22 per cent., having vanished, and by the Baltic, and1- Black Sea trade having ceased. There is an -accumulation of tonnage where it is not wanted, and a paucity elsewhere. Increased world>ing costs affected the freight.
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Bibliographic details
Marlborough Express, Volume XLIX, Issue 22, 27 January 1915, Page 5
Word Count
136SKIPPING FREIGHTS. Marlborough Express, Volume XLIX, Issue 22, 27 January 1915, Page 5
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