HIGHEST IN SEVEN YEARS
BRITISH SHIPBUILDING PACIFIC SERVICE PLANS (Reed. July 15, 9.30 a.m.) LONDON, July 14. The gross tonnage of merchantmen building in Britain at the end of the June quarter was 1,199,973 tons, the highest in seven, years. Britain is building 41. G per cent of the world tonnage under construction, compared with 50 per cent in 1929, but a disappointing feature of the returns, is the continued dearth of foreign orders.
Lord Craigmyle and Sir Edward Beatty, the president of the Canadian Pacific Railway, have issued a joint statement that negotiations continue to progress for the completion of an agreement to improve the Pacific steamship service and to issue to selected shipbuilders plans and specifications for two ships. Negotiations are proceeding between the interested Governments and the Canadian-Aus-tralian Line. There is a possibility of some unavoidable delay on account of the necessity for the departure of the Dominion Ministers from England prior to the completion of the agreement.
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Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19377, 15 July 1937, Page 5
Word Count
161HIGHEST IN SEVEN YEARS Poverty Bay Herald, Volume LXIV, Issue 19377, 15 July 1937, Page 5
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