SHIPPING INDUSTRY.
FORTUNES AT LOW T EBB. LONDON, Feb. 20. In his presidential address at the meeting of the Chamber of Shipping, Sir Arthur Sutherland said that the fortunes of the shipping industry were seen at their lowest ebb. Freights were actually below the pre-war level, while working costs were about 70 per cent, above pre-war. “The shipowners, however, do not despair, feeling sure that the dark clouds will disperse, and that there will be some recovery this year,” added Sir Arthur. The meeting passed a resolution welcoming the calling of the Imperial Conference as offering an opportunity of a strong combined effort on the part of all members of the British Commonwealth of Nations to develop tho Empire’s trade resources by increasing the production and exchange of goods and services within the Empire.
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Manawatu Standard, Volume L, Issue 74, 22 February 1930, Page 9
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134SHIPPING INDUSTRY. Manawatu Standard, Volume L, Issue 74, 22 February 1930, Page 9
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