SHIPPING DECLINE.

Manawatu Standard, Volume LIV, Issue 131, 4 May 1934, Page 7

SHIPPING DECLINE.

BRITISH POSITION AFFECTED. LONDON, May 2. The second annual report of the Mercantile Marine Association states that foreign countries harm so undermined all efforts at shipping recovery that optimistic statements are misleading and only jeopardise the plans under consideration to relieve the much-harassed industry. The net shipping income in 1933 was £65,000,000, compared with £105,000,000 in 1930, and British tonnage had decreased to 27.5 per cent, of world tonnage, compared with 40 per cent, in 1913.

Australia’s tendency increasingly to utilise British vessels brought favourable notice.

FOREIGN MOVEMENT. INCREASE RECORDED. (British Official Wireless.) RUGBY, May 2. The return of shipping movements at British ports reveals that foreign trade arrivals with cargo in March showed an increase for the ninth successive month as compared with the corresponding period of the previous year, the advance in this instance amounting to 5.7 per cent. Arrivals in ballast were 6.0 per cent. greater and departures witji l cargo and in ballast 3.7 and 7.9 per cent, heavier respectively. The coasting trade also showed all-round advances. For the first quarter of 1934 foreign trade arrivals with cargo were between 6 and 7 per cent, greater than in the March quarter of 1933.