GERMAN SHIPPING.
SCHEME TO RE-ESTABLISH MERCHANT FLEET. GOYER XM ENT ASSI ST A NGE. " The Times " Service. (Received July l>, D.-10 n.m.) LONDON, July 17. An important project to recover the lost shipping position after tho wnr has bom launched in tho Reichstag, in it measure providing fo rebuild ovor two million ton.? of merchantmen, destroyed by tlie Allies. Tho Gorman Government does not lend, but will find tho money ior the> shipbuilders for this purpose, and will also make funds available for the upkeep of interned vessels. Representatives of the Government ;ind .Bremen and Hamburg shipping magnates have been conferring for months on this scheme, which aims at restoring in nine, years Germany's pre-war strength in merchantmen-live million tons. It is stated that the enemy has destroyed or seized more than two million tons, there, is blockaded in neutral -waters a million tons, and there is war-boNind in German harbours two million tons.
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Bibliographic details
Star (Christchurch), Issue 12063, 18 July 1917, Page 5
Word Count
154GERMAN SHIPPING. Star (Christchurch), Issue 12063, 18 July 1917, Page 5
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