ENORMOUS PROFITS
AIADE BY UNITED STATES SHIPPING LINES ON WAR TRANSPORT TO RED SEA. COMMITTEE OF CONGRESS INVESTIGATING. (By Telegraph—Press Association—Copyright) (Received This Day, 9.3(1' a.m.) WASHINGTON, March 24. A Congressional committee is investigating excessive profits by American shipping lines, in chartering vessels to Britain in order to carry lend-lease material to the Red Sea. The committee’s counsel disclosed that 89 vessels, making 90 trips in 1941, collected 31,000,000 dollars for the charter, of which 27,000,000 dollars was profit, and added that the profit from a single trip exceeded the total value of the vessels.
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Wairarapa Times-Age, 25 March 1943, Page 3
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95ENORMOUS PROFITS Wairarapa Times-Age, 25 March 1943, Page 3
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