ALARMING SITUATION
BRITAIN’S SHIPPING SUBSIDY PLAN CONDEMNED LONDON, Aug. 2. Declaring that a subsidy of £3,000,000 is hopelessly inadequate in tho present alarming situation against £30,000,000 in foreign subsidies, the couneil of tho Officers and Merchant Navy Federation urges a bold and decisive policy to save British shipping. It asks what possibility there is of foreigners joining in the “scrap-and-build ” policy. Scrapping three ships and building one would only add to unemployment, .and decrease Britain’s ability to combat competition. The council urges the prevention of the sale of ships to foreigners, except to be broken up, and the withholding of the subsidy to ships not employing wholly British crews, and expresses the opinion that the 'present trend is towards Britain’s extinction -as a firstclass maritime power. Statistics show that 1429 officers are unemployed.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18466, 3 August 1934, Page 7
Word Count
133ALARMING SITUATION Poverty Bay Herald, Volume LXI, Issue 18466, 3 August 1934, Page 7
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