SLUMP IN SHIPPING
CAUSES DISCUSSED REDUCTION or TRADING (Elec. Tel. tjopyright—United Press Assn.) (Received April 1(5, 11 a.m.) LONDON, April 16. The shipping newspaper Fair Play quotes remarks by a cargo boat owner discussing the enormous over-supply of tonnage, saying that it must be a case of the survival of the fittest, to which another owner replied that thcro wa'f no over-supply of : tonnage, but an under-supply of cargo. It is pointed out that if the trade of the world had increased in the same percentage in the. IS years aftei 1914, as U did during the 18 years previous, there would not be sufficient tonnage to carry cargoes. This was borne out aS recently as 1929, when practically the whole of the, Vessels of the world were employed. The present unfortunate position of the shipping tra<de is due to the fa<?t that over 30 nations stopped importing, while other, nations were cutting down impons as much as possible.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19330417.2.66
Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18065, 17 April 1933, Page 5
Word Count
159SLUMP IN SHIPPING Poverty Bay Herald, Volume LX, Issue 18065, 17 April 1933, Page 5
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