SHIPPING SLUMP,
THE ECONOMIC MORASS. PASSENGER TRADE DEPLORABLE. United Press Assn.—Elec. Tel. Copyright. LONDON, Dec. 27. “Australia has youth’s resilience and will rapidly correct economic mistakes, just as England Is correcting hers, but Britain, not Australia, must make the move to lead the world out of the economic morass in which we have never stuck,’’ said Sir Alan Anderson, in presiding at the annual meeting of the Orient Steam Navigation Company, Limited. Describing the passenger trade as “deplorable,” Sir Alan said that of the saloon berths offered on British lines less than one-third were occupied on reaching Australia, and" only about 17 per cent, were occupied on leaving Australia. The freight earnings for the year ended June 30 were a little more than half what used to be regarded as normal.
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Bibliographic details
Waikato Times, Volume 110, Issue 18521, 29 December 1931, Page 7
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131SHIPPING SLUMP, Waikato Times, Volume 110, Issue 18521, 29 December 1931, Page 7
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