RED STAR LINERS
SCHEME FOR PURCHASE
CHANCELLOR'S OPPOSITION (Received December 21, 6.5 p.m.) British Wireless RUGBY, Dec. 20 The proposal of a British group to buy the Red Star liners and organise a new transatlantic service at cheap rates was again raised in the House of Commons to-day. The Chancellor of the Exchequer, Mr. Neville Chamberlain, replying to a question, refused to reconsider his decision to discourage the necessary capital issue to finance this project. He said the recent revision scheme' by the promoters did not alter the fact that it would revive uneconomic competition to the prejudice of British interests in the North Atlantic trade.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21990, 22 December 1934, Page 11
Word Count
106RED STAR LINERS New Zealand Herald, Volume LXXI, Issue 21990, 22 December 1934, Page 11
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