They accordingly proposed to ask Parliament to make £2,000,000 available for the purchase of suitable vessels on the United Kingdom register, which, though still capable of service, would otherwise be sold to foreign owners, or for breaking up.
The proposals outlined by Mr. Stanley, it is observed in London, do not include any assistance for oil tankers.
In the case of each form of assistance, official circles. stress, the expectation of the Government is that the interests concerned will take steps during the term of the subsidy to improve their position, so that Government assistance will not be necessary.
In the case of the subsidy to tramp shipping, these circles add, the industry is expected "to do its utmost to promote international measures to safeguard freight rates—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.