SUBSIDISED SHIPPING.
COMMITTEE'S REPORT. SUBSIDY OF 10/- PER TON. MATTER BEING CONSIDERED. ‘'nlted i-ress assii. —Elec Tel. coDyrigut LONDON, Dec. 6. The Daily Mail discloses that the Tramp Shipping Committee s report recommends that every British tramp engaged in international trade . should be subsidised 10s a ton annually, besides the grant of a laying-up subsidy of 5s a ton gross. This would cost the State £3,000,000 a year. Goods benefiting by Imperial preference should be imported in British ships.
The British coastal trade should be confined to British vessels, failing which foreign ships should be charged discriminatory port dues and their cargoes taxed. The Daily Herald says the Treasury and the Board of Trade are seriously considering giving British shipping financial assistance. The Daily Express reports that negotiations for the merger of the White Star and Cunard Lines have been successfully concluded. A new company controlling both lines will be formed to operate the North Atlantic services, the other routes continuing to operate independently. The Government will thus be enabled to. assist in the completion of the giant Cunarder at Clydebank. It is likely that the Mauretania and other older ships will be scrapped.
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Bibliographic details
Waikato Times, Volume 114, Issue 19124, 8 December 1933, Page 5
Word Count
194SUBSIDISED SHIPPING. Waikato Times, Volume 114, Issue 19124, 8 December 1933, Page 5
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