CUTTING PASSENGER RATES

Taranaki Daily News, Volume LIII, Issue 77, 9 July 1910, Page 5

CUTTING PASSENGER RATES

NORTH GERMAN LLOYD EXPLAIN. By Cable.—Press Association.—Copyright Received July 9, 1.30 a.m. Sydney, July 8. Following yesterday's cable regarding the cutting, of passage rates, the North German Lloyds announce reductions, commencing on October 8 for first ciass fares to London to £66 single and £O9 return; second-class, £3B 10s single, and £57 l£s. The old first class rate was £7l 10s to £BO 10s single, and £123 return.' The old second class rate was £4l 16s to £46 4s single. The third class rates are unaltered. ■Herr Heinekin, managing director of the company, states that the Orient Company, owing to State subvention, is able to put more modern vessels on to capture passenger trade. In the North Atlantic trade the shippmg companies are allowed to charge different rates, according to the speed and comfort of the vessels. His company wanted only fair treatment, and considered it only fair that English companies should allow the differentiation rates between Europe and Australia, which were allowed between Europe and America. There was nothing in the agreement between the'shipping companies to prevent undercutting rates. Local representatives of the Orient and P. and O. companies state they have no information on the matter from headquarters.