CALL FOR SHIPPING SUBSIDIES

Timaru Herald, Volume CXXXVII, Issue 19671, 13 December 1933, Page 7

CALL FOR SHIPPING SUBSIDIES

OPPOSED BY BRITISH CABINET IMPORTANT ALTERNATIVE SUGGESTED United Press Association—By Electric Telegraph—Copyright (Received. December 12,7.30 p.m.) LONDON. December 11. The President of the Board of Trade. Mr Walter Runciman. speaking at Newcastle estimated that foreign exchequers were paying nearly £30.000.000 cash annually in support of shipping. “There is a good deal of truth in the contention.” added Mr Runciman. “that it is to throw the trade between Britain. India, and Australia, open to the vessels of all nations, when the British and Scandinavian were the only ships not receiving Government assistance. Eventually the most efficient will win. In the meantime, the taxpayers of all countries will have to bear an enormous burden. (Received. December 12. 10.30 p.m.) LONDON. December 12. “The Daily Telegraph” says that Mr Walter Runciman (President of the Board of Trade) is expected to make a statement in the House of Commons on Wednesday, to the effect that Cabinet does not favour a policy of shipping subsidies, but is prepared to consider an amendment to the Navigation Laws, with a view, to achieving the desired result. WORKING BRITISH PORTS. STATEMENT BY BRITISH MINISTER. United Press Association—By Electrlo Telegraph—Copyright LONDON, December 11. In the House of Commons, Dr. L. E. Burgin (Parliamentary Secretary to the Board of Trade), told a questioner that approximately 40 per cent, of the foreign shipping entering British ports belonged to countries where the Governments assisted shipping by grants, loans and subsidies.