SUBSIDES ON SHIPPING

Taranaki Daily News, 17 August 1933, Page 5

SUBSIDES ON SHIPPING

PACIFIC INSTITUTE DEBATE

NEW ZEALAND COMPETITION

WHAT ARE NATIONS AIMS?

SUGGESTED USE FOR WAR

By Telegraph—Press Assn.—Copyright.

Rec. 9.10 p.m. Banff, Aug. 15. A round-table conference at the Institute of Pacific Relations on Tuesday discussed the shipping question, with opinions expressed that the Governments were seeking merchant marines in the event of another war. Other points developed included the fact that the Governments also want lowei' cost of transportation, with the effect of lowering the cost of commodities. They also wish to capture markets and shipping. Japanese expressed the opinion that if it were not for subsidies Japan could not boast of its present mercantile service with its modem ships. The trend of the discussions went to show that the United States subsidised its New Zealand shipping to hold this sphere of industry against Great Britain. The discussions also revealed that the United States in subsidising the Dollar Lines and Australian ships required twothirds of the crews to be American citizens.

According to round-table opinions it is believed the Japanese and. United States Governments are spending more money than they can afford.