AMERICAN SHIPPING
ASSISTING PRIVATE ENTERPRISE. Washington, May 23. President Coolidge signed the Jones-White Bill designed to maintain a strong American merchant marine by aiding private ship operators. The Bill increases to 250,000,000 dollars the present 125,000,000 dollars construction loan fund to private shipbuilders and provides that money from the fund may be lent to 75 per cent, of the value of ships to be built. It also increases the present rates for contract mail carrying and provides that the United States Shipping Board vessels may be sold to private interests only by vote of five of seven members.—Australian Press Association.
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Southland Times, Issue 20495, 25 May 1928, Page 7
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100AMERICAN SHIPPING Southland Times, Issue 20495, 25 May 1928, Page 7
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