U.S.A. SHIPPING BID
FORTY NEW LINERS
(United Press Association—By Electric Telegraph—Copyright).
WASHINGTON. Nov. 19.
An Inter-departmental Committee on the Ocean Mail Contracts lias worked out a plan of action which the Postmaster-General, .Ur Brown, said to-day, should in all probability, fill the American shipyards to their capacity with new construction within six months.
In order to stimulate shipping construction, the new Tonnage Committee will favour the companies planning the immediate construction of new ships. A total of forty new ships, fast and largo enough to compote with any vessels on the ocean, have been planned hv the companies, who have indicate-' 1 i.ieir intentions of submitting bids for ocean mails. .The liners planned for the North Atlantic will cost approximately twenty-five million dollars. No estimate lias been made of the figures for other routes.
The money for construction will he made available from a two-hundred and fifty million dollars loan fund, created b.v the .Tones White Act. and will ho administered by the Shipping Board and Navy Department.
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Hokitika Guardian, 21 November 1929, Page 6
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168U.S.A. SHIPPING BID Hokitika Guardian, 21 November 1929, Page 6
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