BRITISH SHIPPING
HEAVY DECLINE IN TONNAGE & EARNINGS. OPTIMISTIC STATEMENTS MISLEADING. FOREIGN COMPETITION KEENLY FELT. (Received Thursday, 7.10 p.m.) LONDON, May 2. The annual report of the Mercantile Marine Association states that foreign countries have so undermined all efforts at shipping recovery that optimistic statements are misleading and only jeopardise plans under consideration to relieve the much-harassed industry. The net shipping income of 1933 was £65,000,000, compared with £105,000,000 in 1930. British tonnage has decreased to 27.5 per cent, of world tonnage, compared with 40 per cent, in 1913. Australai’s tendency to increasingly utilise British vessels is brought to favourable notice. STATE AID WANTED. URGENT APPEAL IN HOUSE OF LORDS. / LONDON, May 2. In the House of Lords, Lord Mottistone appealed for urgency in a common Empire policy to meet the shipping position arising from foreign sub? sidies. He cited on American lines the capture of the New Zealand trade with the help of a subsidy equivalent to 610 for each letter. Lord Templemore replied that as soon as the Government had formulated the main lines of its policy to aid shipping the Dominions would be consulted.
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Bibliographic details
Wairarapa Age, 4 May 1934, Page 5
Word Count
186BRITISH SHIPPING Wairarapa Age, 4 May 1934, Page 5
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