The Goverment proposed also make available £10,000,000 for loans to ship-owners over a period of two yours, on favourable terms, for the purpose of building in Great Britain tramps and cargo linors—other than refrigerated vessels and passenger Fners—ineluding tramp and" cargo vessels intended for the coastal tr Loans would be made on finance! terms similar to those under the "serap and "build" scheme of 1935. No condition as to scrapping old vessels would, however, be attached.
Finally, the Government. had ceded that the present situation called for a further exceptional measure, increase the amount of tonnage uncer the British fla,
Text read from the printed page and cleaned; old type leaves the occasional error.