GERMAN NEWS.
'Australian & N.Z. Cable Association.) GERMAN SHIPPING. BERLIN, Dec. 29. Figures have been issued showing the amazing post war recovery of German mercantile marine. The tonnage before the war was 5,-160.000. In 1921 it was only 717.000 and it is now 3,500,000 After the war the Nord Deutsche! - Lloyd issued a statement that it had been robbed of every ocean going steamer and was hack to the position occupied in 18-17. Tiie Company’s tonnage at present is 810,000 and that of the Hninhiirg-Anierica 1.023,000. German competition with British tonnage is facilitated because all ships are new and the British are chiefly over ten years old. A further impetus will he given German shipping when the sequestered ships held by United States are released or indemnified. The German valuation of these ships is sixteen millions sterling and American valuation 6J millions.
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Hokitika Guardian, 30 December 1927, Page 2
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141GERMAN NEWS. Hokitika Guardian, 30 December 1927, Page 2
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