GERMAN COMPETITION.
MEASURES are being taken in the United Slades to prevent foreign interests from obtaining in any way linaneial holdings in Ameriean shipyards or in vessels being eonstrneted there. It is explained (ha) the legislation is designed to prevent German capital from obtaining a. foothold to make con tracts for the construction of shipping in American yards as soon as (he Ameriean war programme is completed. Hundreds of requests coming through brokers and others for the right to place contracts have aroused the suspicion that agents of the Central Powers were at work. The authorities aim not at any neutral or allied nation, and applications by these countries for permission to let contracts for ships to be constructed later will receive every 'Consideration, In connection with this' and other legislation it is stated that a. careful wateh on all efforts on the part of Germany, to act in the guise of a neutral agency, is being maintained, and that a thorough organisation is being built up by which it is predicted Germany’s hold on any of the shipping interests, as well as on other industries, will be broken.
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https://paperspast.natlib.govt.nz/newspapers/MH19180730.2.6
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Manawatu Herald, Volume XL, Issue 1858, 30 July 1918, Page 2
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189GERMAN COMPETITION. Manawatu Herald, Volume XL, Issue 1858, 30 July 1918, Page 2
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