NEW CUNARD LINERS.
PROBLEM OF INSURANCE. STATE ASSISTANCE SOUGHT. British Wireless. RUGBY, No?. 10. The President of the Board of Trade, Mr. William Graham, in moving a financial resolution in the House of Commons in connection with tho Cunard Insurance Agreement Bill, explained that the Cunard Company proposed to lay down two exceptionally large vessels for its transatlantic trade. No cash payment by the Government would be involved. Tho first vessel, to be laid down at Clydebank, would probably cost £4,000,000 to £4,500,000. The ordinary insurance market might absorb about half this risk, and the Government would come in when its possibilities were exhausted. The Government's scheme was a business proposition designed to secure the construction of one, and, he hoped, two very large vessels to maintain Britain's position in the transatlantic trade and help to relieve unemployment in the shipbuilding industry.
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New Zealand Herald, Volume LXVII, Issue 20719, 12 November 1930, Page 11
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142NEW CUNARD LINERS. New Zealand Herald, Volume LXVII, Issue 20719, 12 November 1930, Page 11
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