SUBSIDISED SHIPPING
BRITISH PORT FACILITIES CURTAILMENT SUGGESTED. LONDON, May 8. (Received May 8, at 8.30 p.m.) Dr J. H. Clapham, professor of economic history at Cambridge, writing in Lloyd's Bank Review, says: "A threat of discrimination in the, curtailment of port facilities against subsidised foreign lines trading to Empire ports is more likely to receive' consideration foreign Powers than anything else. The threat would prove a bargaining counter which might be of real value. The_ obvious objection to countering subsidies with subsidies is that it would not curtail the redundant tonnage. The huge system of bounty-fed sugar export to European nations has been stopped by a convention. Following this precedent, we might, in conjunction with the dominions and colonies, demand a shipping convention."
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Otago Daily Times, Issue 21948, 9 May 1933, Page 7
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123SUBSIDISED SHIPPING Otago Daily Times, Issue 21948, 9 May 1933, Page 7
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