SLUMP IN SHIPPING.
IDLE TONNAGE REDUCED. BENEFIT FROM ADVERSITY. A. and N.Z. LONDON. Feb. 22. In his presidental address to the Chamber of Shipping of the United Kingdom, Sir Alan Anderson said the depreosion in the shipping trade continued, but ho thought Britain had touched the bottom of bad freights. There was still a redundant fleet of vessels in all countries, but the tonnage laid up in the , world had fallen from 9,000,000 tons gross in July, 1922, to 8,000,000 tons gross in July, 1923, and the tonnage laid up in the United Kingdom from 1,500,000 in January, 1922, to 1,008,000 in January, 1924. f There was evidence that the position of the British Mercantile Marine had profited by the medicine of adversity.
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New Zealand Herald, Volume LXI, Issue 18642, 25 February 1924, Page 7
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123SLUMP IN SHIPPING. New Zealand Herald, Volume LXI, Issue 18642, 25 February 1924, Page 7
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