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MENACE TO BRITISH SHIPPING STEPS FOR MEETING POSITION FINANCIAL ASSISTANCE (United Press Association) (By Electric Telegraph—Copyright) LONDON. Jan. 10. Declaring that greater financial assistance is imperative to meet competition from foreign subsidised lines, the United Kingdom Chamber of Shipping is proposing to the Board of Trade: First, a renewal of the annual tramp subsidy Of £2.500.000 for five years. Secondly, an annusl subsidy of £5,000,000 for five years to assist deep sea liners. £500,000 of which would be annually devoted to the nearer Continental and Mediterranean services. Thirdly, insistence on the greater use of British ships in the timber and coal trades. Fourthly, an annual subsidy of £500.000 for five years for tramps, in the nearer Continental trade. Fifthly, a similar subsidy for British coastal ships, and an assurance of fair competition from the railways. It is pointed out that special measures apart from financial grants might ultimately be necessary to save the industry.
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Bibliographic details
Otago Daily Times, Issue 23705, 12 January 1939, Page 9
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156SUBSIDISED LINES Otago Daily Times, Issue 23705, 12 January 1939, Page 9
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