MERCANTILE MARINE
ITALIAN REORGANISATION CONTROL TO FOUR FIRMS ROME, Dec. 6 Tho Italian Cabinet has announced a reorganisation of the mercantile marine into four companies, under a Maritime Corporation, with capital of nearly £10,000,000. The Italia Company, with a capital of £5,370,000, and possessing 38 ships, will control transatlantic traffic. The Lloyd-Triestino Line, with 5!) ships of a tonnage of 443,388, and with a capital of £3,100,000, will control African, Asiatic and Australian traffic. Tho others will deal with local waters. It is expected that many new ships will bo built..
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New Zealand Herald, Volume LXXIII, Issue 22596, 8 December 1936, Page 10
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91MERCANTILE MARINE New Zealand Herald, Volume LXXIII, Issue 22596, 8 December 1936, Page 10
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