SUBSIDISED SHIPPING EVIL
40,000 BRITISH SEAMEN IDLE
ITALY SPENDING £4,000,000 A YEAR.
DEFENSIVE MEASURES NEEDED.
LONDON PAPER EMPHASISES COST.
By Telegraph—Press Assn.—Copyright. Rec. 11 p.m. London, Jan. 3.
The evils of foreign Governments’ subsidising merchant shipping are emphasised by the Daily Telegraph. The paper says Italy is paying £4,000,000 a year on its merchant marine of 3,500,000 tons, one quarter being to owners of tramp tonnage. > The paper quotes as an example a vessel going to Australia; the ship received a subsidy of £1686, thus automatically displacing a British vessel. It is easy .to see why 40,000 British seamen are without a job, these being 37 per cent, of the whole, and 115,000 shipbuilders are unemployed. It is estimated 28,000,000 tons of foreign shipping ix subsidised annually to the extent of £30,000,000. If the British merchant navy was subsidised similarly the cost to taxpayers would be an additional £21,» 000,000.
The Daily Telegraph considers defensive measures will be necessary in the course of the year.
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https://paperspast.natlib.govt.nz/newspapers/TDN19330104.2.127
Bibliographic details
Taranaki Daily News, 4 January 1933, Page 9
Word Count
165SUBSIDISED SHIPPING EVIL Taranaki Daily News, 4 January 1933, Page 9
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