EMPIRE SHIPPING

Timaru Herald, Volume CXXXVII, Issue 19485, 9 May 1933, Page 7

EMPIRE SHIPPING

NEED FOR CHECK ON FOREIGNERS. United Press Association —By Electrlo Teiegrapn—Copyright (Received May 8, 7.0 p.m.) LONDON, May 8. Dr. Clapham, Professor of Economics and History at Cambridge, writing in “Lloyds Bank Review,” says:—“The threat of discrimination and curtailment of port facilities against subsidised foreign lines trading in Empire ports is more likely to receive consideration by foreign Powers than anything else. The threat would prove a bargaining counter which might be of real value. The obvious objection to countering subsidies with subsidies, was that it would not curtail the redundant tonnage. The huge system of bounty fed sugar export from European nations had been stopped by a convention. Following this precedent, we might, in conjunction with the Dominions and the Colonies demand a shipping convention.”