State Aid Proposed to Modernize Mercantile Marine Stockholm, Mar, 26, A Lint has been submitted to the! Swedish Riksdag: proposing the establishment of a State Fund oF
Institute n order to help owners to. renew their fleets terms than those obtained through the regular financial channel The proposed ofice, which is to called the Swedish Ship Mortgage ate, is to have 0,000 kronor, consisting of Government 43 per cent. bonds, and it will have the right) itself to issue hands not exceeding. ten times the reserve fund. Loans will only be svanted on full-powered A to 30 per cent. of the value of stich vessels, the repayment wing Himited to ten years.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.