PLIGHT OF SHIPPING
SUBSIDIES HANDICAP PROPOSED CONFERENCE BRITAIN ASKED TO ACT By Telegraph—Press Association—Copyright British Wireless RUGBY, April 5 The Danish, Netherlands, Norwegian and Swedish Governments, through their respective Ministers in London, recently made representations to the British Government regarding the present precarious state of the shipping industry. They expressed the. view that this is chiefly due to the shrinkage of world trade, and the over-production of ships in past years; also to the uneconomic competition of subsidised vessels. The Governments referred to have declared their willingness to co-operate with the British Government in any attempt to find remedies. They are prepared to send delegates to any maritime conference the British Government might convene to discuss tho abolition or limitsfction of subsidies and the restoration of the equilibrium in the shipping trade by adjusting supply. The four Governments also are prepared to discuss measures that might be submitted to a conference which would help to combat the depression and restore the industry to its former condition of sound economic competition.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21769, 7 April 1934, Page 11
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170PLIGHT OF SHIPPING New Zealand Herald, Volume LXXI, Issue 21769, 7 April 1934, Page 11
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