MERCHANT SHIPPING
BRITISH EMPIRE LOSSES
LOilD INCHCAPE ON THE POSITION.
(AUSTRALIAN-NEW ZEALAND CABLE ASSOCIATION. LONDON, sth October.
Lord Inchcape, chairman of the P. and 0. and other companies, states that.it is calculated that the British. Empire has lost eight million tons of merchant shipping by the enemy's action. We would be unable to replace those losses. Meanwhile Japan had gone ahead with enormous strides, and was. reaping a harvest of high freights. America was building at a great rate, and he was afraid of what the position would be after the war. It would take many years before British shipping could recover its pre-war place, but if industry were unhampered by Government control they would carry on and recover their supremacy.
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Evening Post, Volume XCVI, Issue 85, 7 October 1918, Page 3
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121MERCHANT SHIPPING Evening Post, Volume XCVI, Issue 85, 7 October 1918, Page 3
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