SHIPPING SLUMP.
EFFECT ON SMALL COMPANIES.
SMALL HOME CARGOES.
By TeMuraph.—Press Association.
Wellington, Last Night. New Zealand coastal shipping companies are beginning' to experience a serious slump in cargo carrying. A representative of a prominent company informed a reporter to-night that-he was afraid some companies’ boats would have to lay up shortly owing to the slackness of trade. Home liners coming to the Dominion carried only small cargoes of coal, or were in ballast, and liners leaving for Home had in some cases only had one-sixth of their general cargo space taken up. This had a serious effect on the smaller coastal vessels, and unless things improved the position would be serious. He added that some services were not affected, as their work is to carry Dominion produce from port to port for local consumption.
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Taranaki Daily News, 29 April 1921, Page 5
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135SHIPPING SLUMP. Taranaki Daily News, 29 April 1921, Page 5
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