STEAMER SUBSIDY
AFRICA'S WITHDRAWAL VESSELS FROM ITALY REFRIGERATION INEFFICIENT By leleprraph—Press Association—Copyright (Received December 1, 5.5 p.m.) LONDON, Dec. 1 The Genoa correspondent of the Daily Telegraph says the. South African Government has notified the Italian Government that it does not intend to renew the five-year subsidy to Italian shipping lines from Genoa to South Africa, which amounts to £150,000 a year. The fiveyear period terminates on December 31. Iho reasons given by South Africa for the decision are that the Italian liners are not efficiently refrigerated, that they are too slow, and that the Union's trade with Europe has declined, making tho subsidy too expensive. Italian shippers state that tho decision will make little difference, because, in view of the large Italian subsidy, they will be able to build 13 new ships, ot' which six will be for the South African trade.
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New Zealand Herald, Volume LXXIV, Issue 22901, 2 December 1937, Page 13
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143STEAMER SUBSIDY New Zealand Herald, Volume LXXIV, Issue 22901, 2 December 1937, Page 13
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