TREATY OBLIGATIONS.
AMERICA SCRAPS SHIPS. BY CABLE—PRESS ASSOCIATION—COPYRIGHT WASHINGTON, Nov. 19. The Navy Department has announced that the scrapping of twenty-eight new and old capital ships in accordance with the Washington treaties netted the Government 1,411,000 dollars. The vessels included seven new battleships and four new battle-cruisers, aggregating 465,000 tons, upon which the Government had already expended 154,000,000 dollars. These, if completed, would have cost 426,000,000 dollars, but their scrapping yielded 616,000 dollars. The Navy ■ Department has also scrapped sixteen, old battleships, aggregating 267,000 tons, whose ~ scrapped materials brought 954,000 dollars. Officials state that these receipts have been somewhat diminished by the additional expense, and declare that the cost of the destruction of the capital ships will ultimately total 28,000,000 dollars. , Thi s includes sums yet to be paid, involving the cost of cancelling the construction contracts on the ships which were . building > when the naval limitations treaty was approved.
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Hawera Star, Volume XLVIII, 21 November 1924, Page 5
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150TREATY OBLIGATIONS. Hawera Star, Volume XLVIII, 21 November 1924, Page 5
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