SHIPS FOR TURKEY
BRITISH FIRM'S ORDER CONTRACT WORTH £1,800,000 [krom our own corkkspondext] LONDON, Dec. 10 The Turkish Ministry of National Economy has awarded to Swan Hunter and Wigliam Richardson, of Wallsend-on-Tyne, a contract for the construction of 11 vessels for the Turkish merchant service, totalling 14.000 tons. The order, which was secured in the face of keen competition from Qerman. Italian and Danzig shipyards, is valued at £1.800,000. It will be payable through the credits totalling £16,000,000 which Turkey secured from Britain under the agreement concluded last May. The Deniz Bank (Mercantile Bank) recently created by the Turkish Government to develop the national maritime traffic, improve ports and harbours, etc.. will shortly order from Britain coaling equipment to the value of £700,000. In so doing it will exhaust its £'2.500,000 allotment of the £10.000,000 credit granted by Britain under the May pact.
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New Zealand Herald, Volume LXXV, Issue 23233, 30 December 1938, Page 11
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143SHIPS FOR TURKEY New Zealand Herald, Volume LXXV, Issue 23233, 30 December 1938, Page 11
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