TAXATION ON SHIPPING.

New Zealand Herald, Volume LX, Issue 18571, 1 December 1923, Page 11

TAXATION ON SHIPPING.

W(>MJ)-WIM MOVEMENT. MENACE TO BRITISH TRADE. RECIPROCITY ADVOCATED. By Telegraph Press Association— Copyright. (Received 5. p.m.). , A. end N.Z. LONDON, Nov.' 30. The Shipowners' Parliamentary Committee, in a circular to all election candidates, states that shipping is threatened with an international tax war, in which British trade stands to lose, because British tonnage offers the largest target, and British shipping will be hampered by the multitude of conflicting regulations in different countries. In some cases even the Dominions are levying incoine-tax on shipping irrespective of profit or loss. A sound policy, says the committee, is to aim at universal reciprocal exemption of the earnings of ships of all flags from foreign or Dominion taxation.,

DECLINE IN BUILDING.

CONFERENCE SUGGESTED.

EMPIRE UNITY NECESSARY. A. and N.Z. LONDON, Nov. 29. Mr. Baldwin, in a speech at Glasgow, said that owing to restrictions deliberately applied by foreign Powers in their own interests, there was less tonnage building in British yards than at any time in the past 14 years. "We cannot be content with passive resistance in the face of such a situation," the Prime Minister declared. If returned to power ho intended to call an early conference of shipbuilders to try to devise means to keep the great industry going. In a further reference to the tendency of foreign countries to discriminate against British shipping in favour of their own, Mr. Baldwin "said the matter was go serious that it was brought before the recent Economic Conference, and a method discussed whereby the unity of the Empire might make itself felt if it became necessary to fight such" an attack.