Matson Subsidy.
p. 11 · Read in the full issue
U.S. Government Slashes Matson Subsidy.
From Our Own Correspondent.
Honolulu, Feb. 9.*
THE U.S. Maritime Commission has announced that the Matson- Oceanic Line, which operates the liners “Monterey” and “Mariposa” in the trans-Pacific service from California, via Hawaii and Suva, to New Zealand and Australia, has been granted a total annual subsidy of 650,000 dollars—a big reduction upon what the Company for merly received. The subsidy may be reduced more, depending upon U.S.
Post Office audits of the service.
Formerly the Company was paid an average annual rate of alrftost 1,000,000 dollars. The Post Office is becoming more practical. It prefers to pay out for actual services rendered, or upon a poundage basis.
With this big reduction in subsidy of their rival’s operations, is it possible to hope that at long last the British in terests will do something '.about re placing the antiquated trans-Pacific hope that at long last the British in- Union liners “Niagara” and “Aorangi”?
Mr. A. B. Ackland, of the Fiji Agri culture Department, arrived in New Zealand on a business trip by the January “Monterey”.