SALE OF U.S. SHIPS
HIGHEST BID ACCEPTED (Australian and N.Z. Press Association.) (Received February 11, 10 a.m.) WASHINGTON, February 10. The United States Shipping Board has accepted the top bid for its largest Gov-ernment-owned liners, including the leviathan. The highest bid was from a Chicago banking firm of £3,200,000 for all the vessels. The lowest bid was £1,200,000 from the International Mercantile Marine. It is estimated that the cost of replacement of these vessels would be £25,400,000. The action, however, is not final, as it will doubtlessly be reviewed by the Senate Commerce Committee.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19290211.2.75
Bibliographic details
Poverty Bay Herald, Volume LV, Issue 16874, 11 February 1929, Page 7
Word Count
94SALE OF U.S. SHIPS Poverty Bay Herald, Volume LV, Issue 16874, 11 February 1929, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in