S. African Shipping Subsidy To Italy To Stop
(Received 10 a.m.) LONDON. December 1. The Genoa correspondent of the “Daily Telegraph” says the South African Government has notified the Italian Government that it does not intend to renew the five-year subsidy to Italian shipping lines from Genoa to South Africa, which amounts to £150,000 a year. The five-year period terminates on December 31. The rcaspns given by South Africa for the decision are that the Italian liners are not efficiently refrigerated, that they are too slow, and that the Union's trade with Europe has declined, making the subsidy too expensive.
Italian shippers state that the decision will make little difference because, in view of the large Italian subsidy, they will be able to build 13 new ships, of which six will be for the South African trade.
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Northern Advocate, 2 December 1937, Page 6
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137S. African Shipping Subsidy To Italy To Stop Northern Advocate, 2 December 1937, Page 6
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