DECLINE IN FREIGHTS.
FALL OF 60 PER CENT. A SURPLUS OF SHIPPING. By Telegraph.—Press Assn—Copyright. London, Nov. 17. Freights continue to fall and the decline in the past six months has averaged over 50 per cent. There are signs that the downward move has not ended. The cheapening of rates is due to the quicker recovery of the world's shipping from the influences of the war than its productive machinery, consequently more tonnage is available than good.? for transport. • The downward tendency is likely, to continue at least temporarily, owing to the fact that several million tons of new shipping will be completed in Britain and foreign yard* in the course of 1921, but the limit will be reached when the owners find it necessary to lay up tonnage until the economic recovery of Europe provides more goods for trans-port—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 20 November 1920, Page 5
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142DECLINE IN FREIGHTS. Taranaki Daily News, 20 November 1920, Page 5
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