GENERAL CABLE NEWS
Preps Association—By Telegraph—Copyright. LONDON, January 3. Sir James Allen points out that the Imperial shipping report deals only with the period Januafy to July, 1921, when the cost of coal and other charges necessitated high freight®. The shipping companies refused to disclose their balance sheets prior to 1921, but Sir James Allen is convinced that they made handsome profits preceding and during-, the war. . The present freights are becoming reasonable.—A. and N-Z. Cable.
BERLIN, January 3. The Government has introduced a Bill which provides for the handing over of the State railways to any independent administration which will fix the passenger freight rates in order that the earnings may cover the working costs. No more subsidies will be required.—A. and N.Z. Cable.
PARIS, January 3. M. Briand has gone to Cannes.'—A. and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 18445, 5 January 1922, Page 5
Word Count
137GENERAL CABLE NEWS Otago Daily Times, Issue 18445, 5 January 1922, Page 5
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