TRADE WITH EAST
AUSTRAL!AN SHIPPING VENTURE.
SYDNEY, January 17
ik'hind the report of the proposed departure of the steamer AJaranoa to the East is a move by shipowners to utilise tonnage idle in Australia. A recent development was the forma lion of the Australian Tramp Steamers, Ltd. This Sydney concern took over the Adelaide Company’s idle steamer Tarcuola, and, on British articles entered her in’ trade with the East-. According to reports, the company has made reasonable progress, although it has had to cut expenses by replacing the white crew with Chinese. A second steamer, the Barunga, is under charter and will sail shortly with a white crew. The difficulty in the Eastern trade is the shortage of loading back to Australia, and the Tareoola was diverted to Nauru to In ing phosphates here. On the other hand, the regular liners have had difficulty in coping with the big cargoes offering from Australia, for the East, brought -about principally because of the favourable exchange. Besides wheat for Shanghai and flour for Hong Kong, which, according to reports, is the likely cargo for the Alaranca, there is a suggestion that other may be dispatched for Japan with wool.
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Hokitika Guardian, 30 January 1933, Page 7
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197TRADE WITH EAST Hokitika Guardian, 30 January 1933, Page 7
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