SHIPPING IN GERMANY.
RECONSTRUCTION OF MERCANTILE MARINE. BERLIN, March 28. At a shipping conference Herr Stimxning, general manager of the Nordderutscher-Lioyd Company, said the Government grant of twelve milliard marks for the reconstruction of the mercantile marine had proved quite inadequate, especially as the cost of shipbuilding in steel has risen from two thousand marks per ton to eighty-two hundred. The price of finished vessels has advanced from three to fourfold. Nevertheless Germany had already built or bought aboard 280 vessels, aggregating fifteen hundred thousand tons and 230 Aggregating 1,250(000 under construction. She is still much hampered by the coal shortage. They needed a hundred thousand tons per month, but were allotted officially thirty thousand only, a fraction of which was actually delivered.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19220330.2.34
Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 18444, 30 March 1922, Page 5
Word Count
123SHIPPING IN GERMANY. Wanganui Chronicle, Volume LXXVI, Issue 18444, 30 March 1922, Page 5
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in