GERAMN COMPETITION.

Taihape Daily Times, 31 July 1918, Page 3

GERAMN COMPETITION.

Measures are being taken in the United States to prevent foreign interests from obtaining in an> way financial holdings in American shipyards or in vessels being constructed there. It is explained that the legislation is designed to prevent German capital from obtaining a foothold z-o make contracts for the construction or shipping in American yards as soon as the American 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 watch 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.