AUSTRALIA'S STATE MERCHANTMEN
NO RATE WAR UNLESS NECESSARY
London, March 20. ' Mr.. Larkin .(manager r,f tho Commonwealth Meraiutile Meet), replying ,to criticisms, quotes Mr. Hughes's statement that the. Commonwealth does not desire to' interfere with existing lines in any form at all. Ho proceeds: 'JPlio Commonwealth does not intend to inaugurate a war of rates unless compelled to do so. •The rebate system is excellent for tho Shipping"■ Conference, but it imposes restrictions which. prevent the exporter from taking advantage of cheaper freights without losing his accumulated rebates. The system is illegal in Australia, where it is 'regarded as.a restraint of trade. The CommomVeaitli oilers to shippers'a cash discount equivalent to tho deferred rebate without, tho obligation to confmo llioir' shipments to the Commonwealth line. 'If the action of the Shipping Conference results in steamers proceeding to Australia, in ballast the freights on wool and wheat to England will lw increased. Although the-line-escapes tho excess-proy fits taxation, the" entire profits of. the undertaking go lo the Commonwealth, to help reduce Australia's war burden.— Aus»-N.is. Cable Assn.
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Dominion, Volume 12, Issue 152, 22 March 1919, Page 7
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176AUSTRALIA'S STATE MERCHANTMEN Dominion, Volume 12, Issue 152, 22 March 1919, Page 7
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