TREMENDOUS INCREASES.
——<>» HOW SHIPPING IS AFFECTED. • By Telegraph.—Proas Association. Auckland, Jnlv lfl. Since the commencement of the war a great deal has been 'heard of profits made bv shi]iping companies owing to largely increased froiirhts. the companies lnjving claimed, on the other hand, that extra chanres had been forced on them by tremendously increased costs. .'An interesting light is thrown on this miestion in a letter received by Mr, Gtibble. secretary of the Waiki.to Graziers' Vigilance .Committee, . from his brother, whose ship is lying at Buenos Avres. •
T'he information given, as the result of inquiries which Mr, Gribble made, is as follows:—"Speaking of onportnnitios in: the shipping line, our firm has ;"4 slijips running. Our freight, 5(10 horses to; France and,Booo ton's of .grain, etc, to. Av.onmouth r "will Vring in some £2S,OOfl. against an ordinary freight of, say, £(1000. The capital cost of a ship like, ours is about £.~>0,0f)0." , This information serves to confirm :i statement which has been made very often of late, that a larae. vessel wouH at present rates pay for herself in two good trips. '
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Taranaki Daily News, 23 July 1915, Page 6
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181TREMENDOUS INCREASES. Taranaki Daily News, 23 July 1915, Page 6
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