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COMMONWEALTH LINE SALE BETTER RESULTS EXPECTED (United P.A.—By Telegraph — Copyright) (Australian Press Association.) Reed. 9.5 a.m. LONDON, Thurs. Sir Owen Cox, director in Australia for the Federal Steam Navigation Company, has arrived after a long stay on the Riviera. Interviewed by the Australian Press Association, he said it was too early to estimate the effect of the sale of the Commonwealth Line on Australian shipping. Nevertheless, he was satisfied that the price paid was reasonable. The line was now in good hands, and better results could be expected. The line should now he conducted without friction, not imposing any more hardship upon the people of the Commonwealth than under the previous ownership. State ownership of shipping had repeatedly been proved a mistake.
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Bibliographic details
Sun (Auckland), Volume II, Issue 351, 11 May 1928, Page 9
Word Count
124REASONABLE PRICE Sun (Auckland), Volume II, Issue 351, 11 May 1928, Page 9
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