SHIPPING TRADE.
European Move Against Subsidies. British Official Wireless. (Received April 6, 12.55 p.m.) RUGBY, April 5. The Danish, Netherlands, Norwegian and Swedish Governments, through their respective Ministers in London, recently made representations to the British Government regarding the present precarious state of the shipping industry, expressing the view that it is chieflv due to the shrinkage of world trade, the over-production of ships in past years, and to the uneconomic competition of subsidised vessels. They have declared their willingness to co-operate with the British Government in any attempt to find remedies, and are prepared to send delegates to any Maritime Conference which the British Government may convene to discuss the abolition, or limitation, of subsidies and the restoration of equilibrium in the shipping trade by adjusting supply, and also measures that may be submitted to the conference to combat the depression and restore industry to its former condition of sound, economic competition.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20273, 6 April 1934, Page 7
Word Count
153SHIPPING TRADE. Star (Christchurch), Volume LXVI, Issue 20273, 6 April 1934, Page 7
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