SHIPPING TRADE
PRECARIOUS STATE RESULT OF UNECONOMIC COMPETITION ACTION ADVOCATED (British Official Wireless.) Rugby, April 5. The Danish, Netherlands, Norwegian and Swedish Governments, through their respective Ministers in London, have recently made representations to the British Government regarding the present precarious state of the shipping industry, expressing the view that this is chiefly due to the shrinkage of world trade, the over-production of ships in past years, and the uneconomic competition of subsidized vessels. They have declared their willingness to co-operate with the British Government in any attempt to find remedies, and arc prepared to send delegates to any maritime conference the British Government might convene to discuss the abolition or the limitation of subsidies and the restoration of equilibrium in the shipping trade by adjusting supply, and also any measures that might be submitted to the conference which would help to combat the depression and restore the industry to its former condition of sound and economic competition.
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Bibliographic details
Southland Times, Issue 22293, 7 April 1934, Page 5
Word Count
158SHIPPING TRADE Southland Times, Issue 22293, 7 April 1934, Page 5
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