PACIFIC SHIPPING
PROPOSALS FOR SUBSIDY CANADIAN LINE’S INTEREST (United Press Association) ■ (By Electric Telegraph—Copyright) LONDON, June 18. (Received June 18, at 7.30 p.m.) Sir Edward Beatty, president of the Canadian Pacific Railways, upon his arrival at Southampton, indicated that orders would be placed immediately for two ships for the Canadian-Australian Line in the Pacific if the British and dominion Governments reached an aareeipcnt regarding a subsidy. It would he necessary to build ships of at least 22.000 tons, with a speed of 22 knots. The cost would be in the region of £2.500.000. Sir Edward Beatty intends to confer with Mr Alexander Shaw (chairman of the P. and O. Company), Mr Walter Runciman (President of the' Board of Trade) and Mr Malcolm MacDonald (the Dominions Secretary). The amount of the subsidy has not yet been settled, but it will be divisible between the Imperial Government and the Governments of Australia, New Zealand. Canada and Fiji. Sir Edward Beatty is very hopeful of a settlement in order that the Empire route may be preserved.
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Bibliographic details
Otago Daily Times, Issue 22911, 19 June 1936, Page 13
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173PACIFIC SHIPPING Otago Daily Times, Issue 22911, 19 June 1936, Page 13
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