HELP IMPERATIVE.
FOR BRITISH SHIPPING. Received January 11, 1.45 p.m. LONDON, Jan. 10. Declaring that more widespread financial assistance is imperative to meet the competition from foreign subsidised lines, the United Kingdom Chamber of Shipping is proposing to the Board of 'l'rade the following plan:— (1) Renewal of the annual tramp subsidy of £'2,500,000 for five years. (2) An annual subsidy of £5,000,000 for five years to assist deep-soa liners, half a million of which would annually be devoted to the nearer Continental and Mediterranean services. (3) Insistence on the greater use of British ships in the timber and coal trades. (4) An annual half a million subsidy for five years for tramps in the nearer Continental trade. (5) A similar subsidy for British coastal ships, also an assurance of fair competition from the railways. It is [minted out that special measures, apart from financial ones, might ultimately be necessary to save the industry.
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Manawatu Standard, Volume LIX, Issue 36, 11 January 1939, Page 8
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154HELP IMPERATIVE. Manawatu Standard, Volume LIX, Issue 36, 11 January 1939, Page 8
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