A FAILURE.
COMMUNIST CONTROL. INSTANCE OF GREAT LOSS. EXPERIMENT IN ITALY. By Telegraph.—Press Assn.—Copyright. Received Feb. 24, 8.30 p.m. London, Feb. 23. The Daily Telegraph’s Milan correspondent states that an attempt to apply Communist principles to a shipping company failed. The Nitti Government in 1920 gave a Genoese Communist agitator, Captain Giulietti a number of ships, valued at 60,000,000 lire, in order to constitute a Communist shipping company, and other ships were added later from Government sources at nominal prices. After a year’s experiment the venture ended in a formidable deficit, Captain Giulietti pointing out that he was forced to engage a crew of 52 to do the work ordinarily done by 26, while dining and smoke rooms for crews greatly increased the expenses. The vessels may have to be sold in order to pay the wages of the crews.—Aus. and N.'Z. Cable Assn.
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Taranaki Daily News, 25 February 1921, Page 5
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144A FAILURE. Taranaki Daily News, 25 February 1921, Page 5
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