SOCIALISM AT SEA.
A Magnate’s View. VERY HOSTILE! (Received February 17 at 7.30 p.m.) LONDON, February 17. The Hon. Alexander Shaw, in his presidential address at the jubilee meeting of the Chamber of Shipping, said: “The shipowners have seen with some interest the actual operation in the shipping world of those theories of public ownership and control which were being so widely advocated to-day. We challenge those who urge them to point to one corner of the earth where Socialism has ever been applied in practice to shipping under normal conditions without sterilising effort while piling up expense, creating loss, and adding to the burden which the taxpayer has to carry. The failure of Socialism at sea is written in glaring letters so that all who are not blinded by prejudice may discern the unwisdom of attempting to nationalise a business which, by its very nature, is international, and which, moreover, depends perhaps more than any other business upon the quick ingenuity of private effort.
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Grey River Argus, 18 February 1927, Page 5
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165SOCIALISM AT SEA. Grey River Argus, 18 February 1927, Page 5
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