AID FROM STATE
GERMAN SHIPPING LONDON, March 15 Under pressure of tho crisis, State regulation of German s economic life is gathering momentum, says the Berlin correspondent of the Times. It i 8 now reported that- the Government will assume power by an emoigeiicv decree to guarantee a credit of from £3,000,030 to £5,000,000 to the I luinburg-Amerika and North German Lloyd shipping lines, thus acquiring a ]di-lie interest in these companies, winch control at least 75 per cent, of the mercantile tonnage. . .
Tim Stale apparently is exercising a vigorous influence in tho direction of reorganisation and rationalisation oi the companies. ’
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17738, 26 March 1932, Page 7
Word Count
101AID FROM STATE Poverty Bay Herald, Volume LV, Issue 17738, 26 March 1932, Page 7
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