SLUMP IN SHIPS.
DECREASE IN BUILDING. By Telegraph.—Press Assn —Copyright. Received Nov. 1, 5.5 p.m. London, Oct. 31. The apnual report of Lloyds’ Register shows that the new tonnage classed by the society during the year ended June 30 decreased by 25 per cent, compared with 1919-20. There have been such extensive reductions in the plans submitted to the society in recent months as to indicate an unprecedented slump in the new tonnaere Fiftyeight per cent. of. the new ships aj’e fitted for oil burning, and for the first time in the society’s history more oil burners than coal burners have been, built.
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Taranaki Daily News, 2 November 1921, Page 5
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103SLUMP IN SHIPS. Taranaki Daily News, 2 November 1921, Page 5
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