SUBSIDY WITHDRAWN
Italian Shipping to South Africa Receive^ 2, 8-45 a.m.) LONDON. Deq, 1. The Genoa correspondent qf the Daily. Telegraph says that the Soutb Afriean Gqvernmqnt has ngtifiqd the Italian Government that it does not intend to renew the five?year pnbsidy on Italian shipping lines from Genoa to South Afriea. The subsidy amounted to £150,000 yearly. It will terminate on December 31. * South Afripa's reasons are that Italian liners are not suffioiently refrigerated and are too slow, also that trade with Europe has declined, making the subsidy too expensive. Italian shippers state that the subsidy will make lfttle difference because, in view of the large Italian subsidy, they will build 13 new ships, of which six will be for the South Afriean trade,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBHETR19371202.2.65
Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 59, 2 December 1937, Page 5
Word Count
124SUBSIDY WITHDRAWN Hawke's Bay Herald-Tribune, Volume 81, Issue 59, 2 December 1937, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Herald-Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in