BRITISH SHIPPING SLUMP.

Taranaki Daily News, 8 April 1922, Page 10

BRITISH SHIPPING SLUMP.

AS SEEN BY A WANGANUI RESIDENT. Tn the course of a conversation with a Wanganui Herald representative, Captain 8. Holm, who has just returned from a business visit to the Old Country, had something very interesting to say about the shipping slump in Great Britain. Practically every big ship building yard in the country had numbers of ships, on the stocks, in all stages of construction. Work on these had ceased. At Messrs. Harland and Wolfe’s yards, where some work was done on liis new steamer, the Kylebeg, very few men were working. This firm usually employs close on 100.000 men, but at the time he was there about 35,000 only were at work. It was the same at Glasgow, the Clyde and other centres of ship building. Thousands of men were out of work, and many vessels were left in an unfinished state. In some of the cities collections were regularly made towards the unemployment relief fund. Collection cards for small sums of a penny upwards were issued on the tram ears at Glasgow. Generally speaking, the industrial situation was very dark and gloomy; very little work was in progress, and there were large numbers of men out of w,ork.