BRITISH EXPEDIENT
AGAINST FOREIGN BUYERS
United Press Association—By Electric Telegraph.—Copyright.)
LONDON, May 1
A movement to"prevent the .sale of old British ships to foreign owners has been initiated by the Bristol Channel Shipowners and by the building industry throughout England. Already a company lias been formed to buy hp and close down all surplus ship yards, while the motor industry is moving on similar lines to remove old cars from the streets.
The Bristol Channel Shipowners point out that about half a million tons of shipping is at the present being sold annually at a low figure, thus enabling foreigners to compete on advantageous terms against British shippers. It is computed that forty per cent, of the ships carrying coal from Cardiff are foreign, moft of which was once under the British flag. Bristol shipping men suggest a national pool, in which all of the shipowners would place their obsolete
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Hokitika Guardian, 2 May 1930, Page 1
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150BRITISH EXPEDIENT Hokitika Guardian, 2 May 1930, Page 1
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