TWO PACIFIC LINERS.

Manawatu Standard, Volume LVII, Issue 201, 26 July 1937, Page 8

TWO PACIFIC LINERS.

SUBSIDISED METHOD. 'LONDON ARRANGEMENTS. Per Press Association. AUCKLAND, July 26. The statement that arrangements for subsidising the construction and running of two ocean liners in the transpacific service were almost completed before lie left London was made by Hon. R. G. Casey. Federal Treasurer of Australia, on his arrival this morning. Mr Casey represented Australia at the long series of Pacific shipping conferences in London and at the inter national sugar conference. He also attended the Imperial Conference and the Coronation celebrations. “I have since heard by cable that one of the few remaining difficulties has been overcome and I hope soon to hear that a complete agreement has been reached,” lie added. "It will, however, be about two years before the ships are in service. “Little as any of us like the principle of subsidies to shipping, it is inevitable in the circumstances, as Canada, New Zealand, Australia and Fiji must have an up-to-date line of ships. The United States lias set the pace, which we are reluctantly obliged to follow.” Mr Casey indicated tliat a large mass of facts and information had been considered at the conference.