THE WORLD’S SHIPPING.

Taranaki Daily News, 26 January 1922, Page 5

THE WORLD’S SHIPPING.

TONNAGE LARGELY INCREASED. COMPARISON OF OUTPUT By Telegraph.—Press Assn.—Copyright. London, Jan. 24. Lloyds Register’s annual shipbuildin summary calls attention to the enormous recent increase in tonnage launched compared with pre-war periods. During the period .1918-1921 the total addition to the world’s merchant navies by new construction was nearly three million tons, which was considerably above the combined output for the nine years from 1905 to 1913. The gross merchant tonnage launched in the world in 1921 totalled 4,341,679, a decrease of 1,500,000 tons compared with 1920, but an increase of over a million ton® compared with 1913, which was the pre-war record. The United Kingdom launched 1,538,052 tolls in 1921, a decrease of 517,572 as compared with the record year oi 1920.

Other large outputs were: United States 1,00/,413 tons, Germany 509,604 tons, Holland 202,402 tons, Japan 227,405 tons,- France 210,663 tons, and Italy 164,748 tons. Germany’s launchings included 40 vessels between four and seven thousand tons each, 13 ships of from seven to ten thousand tons, and one of about fourteen thousand tons. —Aus.-in.Z. Cable Assn

ACTION TN AMERICA. SUBSIDIES TO OWNERS. Washington, Jan. 24. President Harding has launched a campaign to establish the American merchant marine on a permanent basis. It js understood he approved of a plan providing for direct subsidies to private owners, the money coming from diverted Customs receipts on goods carried on American bottoms, also indirect subsidies.

The Shipping Board made a statement aayihg that the object was to put American operations on an even basis with British. The latter are taken as a standard of comparison be cause they are the nearest competitor in cost of operation.—Aus.-N.Z. Cable Assn.