SHIPPING RESERVE
POWERS FOR BOARD OF
TRADE
(British Offlciai Wireless.)
RUGBY, May 18
The President of the Board of Trade, Mr. Oliver Stanley, stated in the House of Commons today that the passing of the estimate of £2,100,000 to meet the cost of the reserve of merchant ships which the Government intends to acquire would enable the Board of Trade to buy ships which would be replaced by new ones if desired. That would have to be confirmed by legislation.
The Bill would place a legal obligation on shipowners to offer their ships to the Board of Trade before they could be sold either abroad or at home. Though it was intended to purchase cargo ships, there would be power in the Bill to buy passenger ships also.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 117, 20 May 1939, Page 12
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128SHIPPING RESERVE Evening Post, Volume CXXVII, Issue 117, 20 May 1939, Page 12
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