STABLE FREIGHTS
SCHEME IN AUSTRALIA TO COVER EXPORTS LOWER RATES LATER ON Reed. 10.15 a.m. SYDNEY, Today. Important decisions have been reached by the Council of the Australian Oversea Transport Association, having as their object the rationalisation of shipping in the handling of Australian exports, the stabilisation of freights at present levels and the eventual reduction in freights. The freight on wool, except that shipped to Japan and the United States, will be increased by 1-lGd in the £, and a “loyalty” rebate of Is 9d a bale on greasy wool and Is 6d a bale on scoured wool will be made at the end of the season. A compromise has been reached on the question of the payment of freight on refrigerated cargo on the basis of the London sterling, the shipowners agreeing to meet half the cost of exchange. Exporters of butter and fruit have agreed to this proposal. The meat industry will decide the question next week.
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1070, 6 September 1930, Page 9
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159STABLE FREIGHTS Sun (Auckland), Volume IV, Issue 1070, 6 September 1930, Page 9
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