ITALIAN SHIPPING LINES
THE SOUTH AFRICAN SUBSIDY NOT TO BE RENEWED (United Press Association) (By Electric Telegraph—Copyright) LONDON, Dec. 1. (Received Dec. 1, at 9 p.m.) The Genoa correspondent of the Daily Telegraph says the South African Government notified the Italian Government that it does not intend to renew the five-year subsidy on Italian shipping lines from Genoa to South Africa. The subsidy amounted to £15Q,000 a year, and it will be terminated on December 31. South Africa's reasons are that the Italian liners are not sufficiently refrigerated and are too slow, while trade with Europe has declined, making the subsidy too expensive. Italian shippers state that the decision will make little difference, because, in view of the large Italian subsidy, they will build 13 new ships, of which six will be for the South African trade.
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Otago Daily Times, Issue 23364, 2 December 1937, Page 10
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137ITALIAN SHIPPING LINES Otago Daily Times, Issue 23364, 2 December 1937, Page 10
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