COMMONWEALTH SHIPS.
THE PROPOSED SALE. A NATIONALISATION FAILURE. (Australian and N.Z. Cable Association.’ LONDON, Feb. 25. The Daily Telegraph says: “Alisfortunes of the Australians are the more remarkable because under their navigation law British and foreign vessels are excluded from the coasting trade. This has proved costly to those interested in inter-State commerce, who have to pay higher freights than would have obtained under free conditions. But the absence of .competition ought to have proved advantageous to State-owned vessels. Moreover, it was assumed that they would have been supported by largo sections of the Commonwealth people, who would feel patriotic pride in sailing under their own flag. It is impossible to reach any other conclusion than that shipping, above all other industries, is tho most unsuited to nationalisation. It remains to he seen whether anyone is prepared to comply with the conditions, which, obviously, decrease the chances of earning profit, however cheaply a vessel may he sold.”
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Bibliographic details
Poverty Bay Herald, Volume LI, Issue 16671, 26 February 1925, Page 5
Word Count
157COMMONWEALTH SHIPS. Poverty Bay Herald, Volume LI, Issue 16671, 26 February 1925, Page 5
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