FOREIGN SHIPPING
EMPIRE PORT FACILITIES. CURTAILMENT SUGGESTED. (United Press Assn.— Telegraph Copyright.) (Rec. 7.10 p.m.) London, May 8. Professor J. H. Clapham, Professor of Economic History at Cambridge, writing in Lloyds Bank Review, says: “The threat of discrimination and curtailment of port facilities against subsidized foreign lines trading to Empire ports is more likely to receive consideration by foreign Powers than anything else. The threat would prove a bargaining counter which might, be ot real value. The obvious objection t« countering subsidies with subsidies is that it would not curtail redundant tonnage. The huge system of a bounty on sugar exports to European nation? has been stopped by a convention, lotlowing this precedent we might, m conjunction with the dominions and colonies, demand a shipping convention
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Southland Times, Issue 22010, 9 May 1933, Page 7
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126FOREIGN SHIPPING Southland Times, Issue 22010, 9 May 1933, Page 7
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