FOREIGN SHIPPING
TRADE FROM EMPIRE PORTS THREAT OF CURTAILMENT Received May 8 7.7 p.m. LONDON, May 8. Professor Clapham, professor of economic history at Cambridge, writing in Lloyd’s Bank Review, says: “The threat of discrimination and curtailment of port facilities against subsidised foreign lines trading to Empire ports, is more likely to receive consideration by foreign powers than anything else. Tho threat would prove a bargaining counter which might bo of real value. The obvious objection to countering subsidies with subsidies is that it would not curtail redundant tonnage. Tho huge system of bountyfed sugar export from European nations has been stopped by a convention. Following this precedent wo might, in conjunction with the Dominions and the colonies, demand a shipping convention.”
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 107, 9 May 1933, Page 5
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122FOREIGN SHIPPING Wanganui Chronicle, Volume 76, Issue 107, 9 May 1933, Page 5
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