SHIPPING: Circumnavigators

The Shipping Board, sitting in Washington, is still vainly trying to solve the problem of the Government's merchant fleet—" the disposal of a liability at a profit." Shipowners and operators object vociferously to the plan of Government operation (TIME, June 18) announced by Albert D. Lasker before his retirement as Chairman of the Shipping Board. The Board in turn is willing to accept none of the owners' and operators' counter proposals. A fragment of the solution was achieved, however, by two sales to private owners.

On April 28 the Shipping Board offered its...

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