The Archive · 1934

White Paper on Ship Subsidies

London, Nov. 30.

'A White Paper was issued to-day containing q memorandum on finan-lal resolutions regarding assistance for British shipping.

"The document states that 2 subsidy for tramp shipping is nog, to exceed £2,000,000, and that this amount Is to be reduced if the average level of freight rates during the year the subsidy is in force rises have $2 per cent. of the 1921 level. This subsidy will be withdrawn within a year if circumstances alter during the proposed period, January

Text read from the printed page and cleaned; old type leaves the occasional error.

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