NATIONALISED SHIPPING.
RESULTS IN THREE COUNTRIES (Contributed by the N.Z. Welfare League). It is often contended by Socialist advocates that as various Governments during war time took control of important industrial services, this plan of Nationalisation should be continued in peace time and even extended. The great losses which the nations sustained'under the'operations of national eointrol is mat-ter-that is usually ignored though it is vital to the whole question.
The London “Daily ‘ Telegraph” publishes the following summary of the results in three countries of the Socialistic policy of nationalised shipping: — UNITED STATES OF AMERICA. Two years loss to March £20,000,000; Capital cost of fleet, £614,000,000; existing market value (estimated) £60,000,000; capital lost in addition to loss on running, £554000,000.' • AUSTRALIA. Loss, 1921-22, £1,171,000; loss, 1922-23 s £1,626,150; capital cost of fleet £14,150,938; existing market value (estimated), £•£718,150; capital'lost in addition to loss on running, £9,438,788. CANADA., Loss, 1921, £1,800,000; loss, 1Q22 £2,000,000; capital cost of fleet, £14,000,000; existing market value (estimated), £3,600,000; capital lost in addition to loss on running, £lO,400,000, No wonder countries have been selling out to private companies. Think it over.
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Manawatu Herald, Volume XLVI, Issue 2815, 25 November 1924, Page 3
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184NATIONALISED SHIPPING. Manawatu Herald, Volume XLVI, Issue 2815, 25 November 1924, Page 3
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