NEW CUNARDERS.
♦ INSURANCE AGREEMENT BILL. VM;:TISH OKCICIAL wtnuLiss ) TIUGPiV, November 10. The president of the Board of Trade Mr William Graham, moving a financial resolution in the House of Commons in connexion with the Cunard Insurance Agreement Bill, explained that the Cunard Company proposed to lay down two exceptionally large vessels for tho transAtlantic trade. Xo casli payment by the Government was involved. The first vessel would bo laid down at Clydebank, and would probably cost £4,000,000 or £4,500,000. The ordinary insurance market might, absorb about half of this risk, and the Government. would come in when its possibilities were exhausted. The Government's scheme was a business proposition, designed to secure the construction of one, and he hoped two, vory largo vessels to maintain Great Britain's position in the trans-Atlantic trade and help employment in the shipbuilding industry.
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Press, Volume LXVI, Issue 20083, 12 November 1930, Page 18
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138NEW CUNARDERS. Press, Volume LXVI, Issue 20083, 12 November 1930, Page 18
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