AMERICAN SHIPPING

Otago Daily Times, Issue 18802, 3 March 1923, Page 7

AMERICAN SHIPPING

FAILURE OF SUBSIDY BILL PRESIDENT HARDING’S INTENTIONS. PraaM Association— By TeJcgroph—Copyright WASHINGTON, March 1. In view of the failure of the Ship Sub' sidy Bill and the expressed intention of the Administration not to call the Bill up at the next session of Congress, there have been intimations that President Harding intends to liquidate the affairs of tile Shipping Board. President Harding is ' greatly disappointed at the Senate’s action regarding the Bill He felt that there were enough pro-subsidy votes to make its passage assured, bat interference and tactics by a strong minority prevented the Bill coming to » vote. It is understood that the President may put on the open market several hundred idle vessels which have been out of com, mission for nearly two years. This step is taken to mean that the Government will definitely abandon its plan to create and maintain a large merchant marine. President Harding, who is soon going cm a fortnight’s holiday, will be accompanied by Mr Lasker. It is believed that they will then discuss the details of liquidation.—A. and N.Z. Cable.

i WASHINGTON, March 2. ' (Received March 2, at 9.50 p.m.) In view of the ultimatum of the impending liquidation of the affairs of the Shipping Board. Mr Lasker’s announcement that the United States had lost more thaJi 16,000,000 dollars for the last quarter’s operations of the shipping fleet, is considered significant.—A. , and N.Z. Cable.