INCREASED SHIPPING FREIGHTS.
ALLEGED AJIERICAN SHIPPING RING. PROPOSED NEW ZEALAND ACTION. (Peb United Press Association.) r .AUCKLAND, April 9. The increased shipping freights since the outbreak of the war were reviewed by the Council of the Chamber of Commerce today. The President (Mr Robert Burns) said there was no doubt that there was in New York a shipping ring which controlled outward freights and also had a large say in the homeward rates. This ring was an exceedingly powerful one, and it behoved them to carefully consider whether or not they should begin to organise a movement so that when peace was restored they would not be left as they were now, absolutely dependent on these rings. It was unanimously Tesolved— That this chamber invites the co-opera-tion of all other chambers of commerce in New Zealand and farmers' unions to inaugurate a movement so that after tho present war is over steps may be taken, to prevent shippers from being entirely at the mercy of the shipping ring as at present. '
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Bibliographic details
Otago Daily Times, Issue 16354, 10 April 1915, Page 10
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171INCREASED SHIPPING FREIGHTS. Otago Daily Times, Issue 16354, 10 April 1915, Page 10
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