Increase of Internal Combustion Engines ax Against Steam London, Jan, 12, A further decline in British ship-Duilding is revealed by Lloyd's return for the three months ending December 31.
'The tonnage under construction 885,000 tons, which is 125,000 tons below' the previous period of three months and 412,000 tons below tte previous year. The present situation a record low level since 1909, Italy for the first time has taken the lead in foreign shipbuilding and ix at present constructing 09 tons of the total world's tonnage of 2,009,000 tons Ships with internal combustion ex-gines with 1,007,000 tons under con. struction are overtaking steamers with 1,041,000 tons under construss
Text read from the printed page and cleaned; old type leaves the occasional error.