Britain’s Great Aid To Shipping
LONDON, July 14.
The Government’s Shipping Bill includes financial aid up to £10,000,000 to help liner services to meet foreign subsidised competition. The tramp shipping subsidy is deferred until January 1. A striking improvement is shown in British shipbuilding in the latest Lloyd’s Register, says a British Official Wireless message. Figures cover the three months which have passed since the Government announced its plans for assistance for merchant shipping, and reflect the very largo volume of orders for new tonnage placed during that period. The returns show that at the end of Juno there was a total of 791,455 tons under construction in British I shipyards, representing an advance of: 194,552 tons, or nearly 25 per cent, as ! compared with the previous quarter, j By contrast, the tonnage building in j other countries showed a decline of j 38,929 tons. The total tonnage under j construction in the world at the end of June amounted to 2,859,292 tons, of which Britain’s share was 27.7 per cent.
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Northern Advocate, 15 July 1939, Page 6
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171Britain’s Great Aid To Shipping Northern Advocate, 15 July 1939, Page 6
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