New York, Sept. 16. The United States Merchant Marine Act is incapable of developing the American merchant marine under private ownership because it fails to provide parity between American j shipowners and their foreign competitors, says the Maritime Associ tion of the Port of New York, which recommend a complete revision of the Act which, they declare, encourages Government ownership and overseas shipping but drives American companies either to build vessels abroad or to apply for operation of government-owned ships under
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