THOUGHTS FOR THE TIMES.
American Foreign Trade Tonnage Government Owned. The American tonnage in foreign undo is largely the Government tonnage. The Government cannot dispo-e of its holdings, now being operated at heavy loss, until private enterprise has established adequate services to ail extent equivalent to the Gu\ei iiliieiit srvices. On the other hand, private owners cannot establish such services alongside government lines and ill competition with them, for competition is so keen to-day that only the cheapest run ships can live and Arnei iean res?PlS nre almost the most expensive to operate.
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Hokitika Guardian, 9 February 1923, Page 2
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93THOUGHTS FOR THE TIMES. Hokitika Guardian, 9 February 1923, Page 2
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