SHIPPING RING.
THE DRIFT OF TRADE. Press Association-Bv Telegraph-Copyright SYDNEY, May 16. Speaking at his reception Mr Morgan, the Commissioner of the Manufacturers* Association, who is visiting the Commonwealth to inquire into the state of trade, attributed the drift of trade into foreign channels largely to the existence of the Shipping Ring, which included all the regular steamship companies doing business between Australia and Britain. They had hold of the whole import trade of Australia and it- was absolutely impossible for any other shipping company to enter the trade or .promote healthy competition. The whole trade was tied up by rings and the system of deferred rebates.
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Bibliographic details
Timaru Herald, Volume XIIC, Issue 13597, 18 May 1908, Page 5
Word Count
107SHIPPING RING. Timaru Herald, Volume XIIC, Issue 13597, 18 May 1908, Page 5
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