British Shipping.

Manawatu Herald, 12 July 1902, Page 2

British Shipping.

Lo.d Brasscy, peaking la the Houas of Lords upon the (Jetton of naval reserves, dwelt upon the decline in the construction of steamers. He Ul'ged that an effective reserve of aiisillariss would enable Britain to build more battleships of twentyeight and steamships of twenty knots and upwards Of the typo most suitable as auxiliary cruisero Only seven wore British. It was lidt necessary to give subsi' dies to steamers engaged in the carrying trade, but he considered it expedient to subsidise reserves of swift auxiliaries conveying mails, and to utilise these for the training of engineers) officers and stokers. The State, Lord Brassey said, ought to train reservists, and to Ulan the mail steamers with reserves. This would be more efficient than training squadrons, The Earl of Belborne, Parliamentary Secretary to the 0 denial Office, in replying td Lord Brassey, said the iaerohant cruisers had their uses in war time, although they could never bo used as substitutes for naval cruisers. It was greatly to the advantage of Britain, that the carrying trade of the world should be in other hands besides ourselves, the could not obtain all her supplies without using ships of foreign register. Britain, proceeded Lord Belborae, Was behindhand as ? egards very _ fast steamers, owing to her not subsidising them. Without subsidies they would not pay, owing to their very great cost, yet Britain would be unable to do without them. The number of fast steamers would be limited unless subsidised for a specific purpose. Referring to the Morgan combine, and deprecating any discussion based on jealousy, Lord Belborne remarked that Britain could not afford to be squeezed out of the Atlantic trade. The natural result of such a combine was not a state of rest, bat of absorption, arid the Government must consider the question of the Atlantic trade as a whole, including what was excluded by the combination, before announcing the conclusions arrived at in the matter.

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