SUBSIDISED SHIPPING

Poverty Bay Herald, Volume LX, Issue 18234, 1 November 1933, Page 11

SUBSIDISED SHIPPING

PAN AND AMERICA COMPLAINTS OP UNFAIRNESS “There were somo hard debates on the Question of shipping subsidies,” said Mr. Walter Nash, M.P., in his address at Auckland upon the Banff Conference ot the Institute of Pacific Relations, the reason', he added, was that allegations had been made that many subsidies, especially by non-British countries, were unfair in incidence and contrary to economic laws, and tended to break up old-established traded . The Americans inwntamed that their Government was determined to continue the prat-rice, not in order to extend American trade, but because America was resolved not to be dependent upon other nations for shipping in time of conflict. An allegation was made that Japan iiad given subsidies in one case equal to the whole cost of running the ship. This was challenged, but a British shipowner who was present gave figures and declared from his own knowledge of working costs that subsidies which had been granted were greater than the full cost of bringing the subsidised vessel from Japan and'back again. It seemed clear that there were some unfair subsidies, concluded Mr. Nash, but so far as America was concerned many reasons were advanced in their favor.