NEW PACIFIC LINERS
APPROVAL OF SUBSIDIES.
MEETING AMERICAN COMPETITION (By Telegraph.—Press Association.) AUCKLAND, Monday. A statement that arrangements for subsidising the construction and running of two ocean liners in the transpacific service were almost completed before he left London was made this morning by the Hon. R. G. Casey, Federal Treasurer of Australia, on arrival by the Monowai. Mr Casey represented Australia at the long series of Pacific shipping conferences In London and the International Sugar Conference and also attended the Imperial Conference and Coronation celebrations.
“I have since heard by cable that one of the few remaining difficulties has been overcome and I hope soon to hear that a complete agreement has been reached. It will, however, be about two years before the ships are in service. Little as any of us like the principle of subsidies to shipping It was Inevitable in the circumstances as Canada, New Zealand, Australia and Fiji must have an up-to-date line of ships. The United States has set the pace, which we are reluctantly obliged to follow." Mr Casey indicated that a large mass of facts and Information had been considered at the conference.
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Waikato Times, Volume 121, Issue 20256, 27 July 1937, Page 9
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191NEW PACIFIC LINERS Waikato Times, Volume 121, Issue 20256, 27 July 1937, Page 9
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