AMERICAN SHIPPING

Hokitika Guardian, 28 February 1930, Page 5

AMERICAN SHIPPING

. A BIG DEVELOPMENT. (United Praia Aaaooiation.—By Electric Tdegrapfa.—Copyright.) (Received this day at 10 a.m.) ' LONDON, Feb. 27. .. While the Five Powers are attempting to reduce navies, one of them, •namely, United. States is frankly determined to build a great merchant marine. This development is regarded here with much interest, quite apart frc<m shipping circles. Indeed‘ it is regarded . as;, a move of considerable international importance, so much so tnat various Dominions, are receiving political intelligence, on the subject. Mr Hoover, shortly after assuming office, intimated that United States desired a merchant fleet second to none. It is now vigorously purging the policy*, at present concentrating on the Atlantic. B&t there is every 11 dication of turning to the Pacific with increased activity. It is of special interest to Australia and New Zealand. It is suggested that United States interests propose new ships for the Australian-American trade superior. tc anything at, present engage)!. This would necessitate building by the existing lines, if they* wish to compete satisactorily, but British interests are. faced with difficulties in view of a serious depression when there is already a glut in and new building is urn economical. On the contrary -the. United Slates Government is assisting Ame interests on a. big scale with heavy'mu 1 subsidies. '