THE COST OF SHIPS.
WHY FARES ARE RISING.
f. AND O. EXPLANATION. Australian and N.Z. Cable Association. (Reed. 12.30 a.m.) LONDON. Dec. 8. At a meeting of the Peninsular and Oriental Steam Navigation Company, Lord Inchcape, the chairman, said that he regretted that the company was compelled to raise passenger rates to keep pace to some extent with the great advance in the cost of coal, wages, stores and operating expenses generally. "It is not our fault," he added. "We are now carrying passengers at less than cost. Our large passenger vessels under construction will cost far in excess of the pre-war figures. It would be impossible to run them as separate units. Lord Inchcape added, but the value at which the | fleet stood as a whole would bring the average value of these costly vessels considerably under pre-war prices. Regarding ex-German passenger steamers. Lord Inchcape said that large sums would have to be spent to bring them up to anything approaching British ideas of comfort.
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Bibliographic details
New Zealand Herald, Volume LVII, Issue 17650, 10 December 1920, Page 7
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166THE COST OF SHIPS. New Zealand Herald, Volume LVII, Issue 17650, 10 December 1920, Page 7
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