STATE SHIPPING.
EXPERIMENT OF AUSTRALIA DECLARED TO BE A SUCCESS. ir Telempli.—Preu Ann —Copyrlfht. Received Nov. 30, 65 p.m. London, Nov. 29. Mr. Larkin, in a letter to the Jour tat of Commerce, replying to the prejjUtttan that the Commonwealth shipping policy will drive tonnage away from Australia, and alleging that the Commonwealth line must eventually become a charge on the taxpayers, says: "The Commonwealth Line is still a very profitable .investment, although perhaps not so profitable as some commercial linos, which, although desiring an in[tease in rates on the plea that every Voyage under exiting conditions shows a heavy loss, are still able to pay 15 Ser cent, free of income-tax l , and also latribute bonus shares." Mr. Larkin claims that the Government Line has justified its existence both in the view of the taxpayer and shippers, both Australian and British, tfho recognise it to be a safeguard again«t the companies, who are still Ktxioug to increase the rates.—Aus-N.Z. £tbl» Amd.
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Taranaki Daily News, 1 December 1920, Page 5
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162STATE SHIPPING. Taranaki Daily News, 1 December 1920, Page 5
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