REORGANISATION OF U. S. MERCHANT MARINE
COMPREHENSIVE PROGRAMME SUBMITTED, [By Electric Cable-Copyright.] [Aust. and NK. Cable Association.] (Received Thursday, 9.35 p.m) WASHINGTON, Nov. 10. Mr. Edward Hurley, war-time chairman of th e United States Shipping Board, submitted to the Board a comprehensive programme for tho reorganisation and building up of tho American merchant marine. He deprecates the subsidy idea and prefers to have Congress create a revolving fund of 500,000,000 to loan for shipbuilding at low interest rates, making it possible for American shipbuilders to compete with foreign builders. , H e advocates railways entering the shipping business, particularly those lines which are being merged into n large systtem. H e points out that great savings would ensue from this reorganisation.
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Manawatu Times, Volume LII, Issue 6454, 11 November 1927, Page 7
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120REORGANISATION OF U. S. MERCHANT MARINE Manawatu Times, Volume LII, Issue 6454, 11 November 1927, Page 7
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