AMERICA’S SHIPPING.
j ♦ PROBLEMS TO BE OVERCOME. : By Telegraph—Press Association—Copyright | Australian and N.Z. Gable Association. WASHINGTON. April 14. j Following a conference between 'President Harding and the Shipping I Board, it i- annoiim-e 1 < j eminent wijl remain in the shipping, j business UlUli il van , .. I out unjustifiable loss. The statement ■ declares that, with the failure of tho j Subsidy Act, tho Shipping Board is coni fronted w ith a vast nossession of ships, j and heavy losses under the existing ; plan ol allocated operation under managing agents. 'l'lie board will proceed to consolidate the foreign trade lines, and will offer for sale these ships on suitable guarantees of a maintained service. IT such sales cannot he made without an unjustifiable sacrifice of the ships, then the Government will proceed to a direct Government operation, which will be aggressively pursued.
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https://paperspast.natlib.govt.nz/newspapers/TS19230416.2.61
Bibliographic details
Star (Christchurch), Issue 17017, 16 April 1923, Page 6
Word Count
141AMERICA’S SHIPPING. Star (Christchurch), Issue 17017, 16 April 1923, Page 6
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