SHIPPING SUBSIDIES

Wairarapa Times-Age, 29 March 1939, Page 6

SHIPPING SUBSIDIES

ANNOUNCEMENT IN HOUSE OF COMMONS ■ ASSISTANCE FOR TRAMP STEAMERS. POSITION OF LINERS TO BE INVESTIGATED. By Telegraph—Press Association —Copyright. (Received This Day, 1.5 p.m.) RUGBY, March' 28. Subsidies to shipping and shipbuilding were announced in the House of Commons by Lord Stanley, who recalled that the importance of those industries did not rest only on Ihe contribution they made to tile country’s economic resources but that they also were an essential part of the national defences.

Lord Stanley intimated that an annual sum of £2,750,000 would be available, over a period of five years, for tramp shipping—the scheme following on the general lines of a former scheme dating from 1935. As regards liners it, was proposed to appoint an advisory committee for an experimental period of two years, to examine and advise the Government on requests fol* assistance from liner companies > whose services were endangered by subsidised foreign competition and Parliament would be asked to make financial provision to enable the Government to grant financial assistance promptly in cases where the Government decided it was necessary. In cases in which other parts of the British Commonwealth were concerned there would be consultation.