U.S. MAIL SUBSIDIES
£47,000 INSTEAD OF £7 ALLEGED OVER-PAYMENTS NEW YORK, Feb. 25. The huge amount of flic sums which the Government pays to American shipping companies for carrying .mails is illustrated to-day in it compilation made by the New York Journal of: Commerce. -Nine examples are given to show the extraordinary contrast between the normal rate and the sums actually paid.
Instead of £520 which one company would have received for carryingmails under the normal scale £52,000 was actually paid. Another company made la voyages, for which £2700 would normally have been paid, but in fact it received £14.(j,000. Extreme instances show the payment- of £47,000 instead of £7 and £20,000 for six voyages instead of 12s earned on the actual mail carried. Not even the most positive advocate of shipping subsidies, says the Journal can reasonably bo in favor of such payments without any corresponding benefit to the public.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17438, 9 April 1931, Page 2
Word Count
151U.S. MAIL SUBSIDIES Poverty Bay Herald, Volume LV, Issue 17438, 9 April 1931, Page 2
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