¶Shipping peers such as Lord Essendon of Furness, Cunard White Star and 27 other lines, expostulated in vain last week against the Government's announced intention to decrease or abolish British shipping subsidies as soon as mounting freight rates equal or surpass the rates of 1929.
"I appeal especially to the Government to assist our Pacific and Far Eastern shipping!" cried Lord Lloyd. "The traffic between Bombay and Japan, not many years ago, was entirely British. Now it is 80% Japanese."
¶Sir Thomas Inskip, the pompous new Secretary for Coordination of Defense...