DESPERATE
POS1TION OF BRITISR CARGO AND SHIPPING TRADE. PROTECTION REQUIRED. LONDON, Saturday. The British cargo-boat is being wiped out gradually, and the position has become desperate, says Mr. Edmund. Watts, chairman of the British Steamship Company Limited. It was doubtful, he declared, ' whether, at the existing low freights, any ship was earning enough to pay for depreciation. Thirty-five nations had discrimirtated against Great Britain and were taking rates at which a British ship couldn't live, and enroaching in essential services. The liner companies were also in difficulties, and unless the plight of the mercantile marine was soon alleviated the majority of owners would be bankrupt. England was dependent on foreign shipping for the necessities of life. Not a subsidy, but protection was wanted to enable 40,000 seamen and 100,000 repairers and dockmen to get * off the dole.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 245, 7 June 1932, Page 8
Word Count
137DESPERATE Rotorua Morning Post, Volume 2, Issue 245, 7 June 1932, Page 8
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