Scheme to Purchase British Tonnage: Interest Shown in Shanghai While Soviet vessels are, not active competition, as, yet with British craft trading in Far Caste fern waters, cor siderable tore ain Shan fiseles_on the receipt fom England of the proposed of British tonnage the Russian Bolshevik Government. Together with a number of the leading ship-operators, in the United Kingdom, the majority of local shipping men who discussed the question expressed opposi tion to. the plan, not because of the fact that the Soviet Fleet appeared in the role of buyer, or for any political reason, but" befeause the proposal calls' for the of idle, as well as new tonnage, to be financed by British tax-pay: ers! money.
"The plan as now advanced in Newcastle is one affecting British shiping interests throughout the world," one of the most. prominent Jocal operators declared on Sept. 4. "im. fact, it concerns every British subject, for the prosperity of the Empire at large is bound inextricably with the prosperity of British shipping. Subject to satisfactory. prices and terms, none of us could
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