The International Scheme of Voluntary Ca-operation, introduced in January 1938 which, it is hoped will, to some extent alleviate the losses in shipping caused by the general reduction in trade, exchange difficulties and large crops in consuming countries, aims at continuing minimum freight schemes which were in opera. tion during the existence of the British Shipping (Assistance) Act, and has been successful in maintaining rates in the controlled markets at a sufficiently high level to ensure a Fifth Consecutive Win
Text read from the printed page and cleaned; old type leaves the occasional error.