Show GERMAN GRM SHiP LOSSES MEA VY Vessel Building Boom Is Only Short Lived Affair HAMBURGO HAMBURG Nov O R Gec 10 A W AGer Ger Ger Germany's many many's ship building tas as short short-Ih short e 1 The Tho tel ms of ot the Ver Ver- Versailles er sailles Treaty which 1 Germany of all her bel large largo commer commer- commercial commercial cial ships brought man many shipyards Into existence and started a 0 goner goner- general al at construction boom But the col- col collapse collapse col collapse lapse of or the mark with Ith consequent difficulties bet wen labor and em- em employers employers em employers and anti the troubles builders found In financing purchases pl ot of 1 a w materials called a 0 sudden halt Germany had toSh to gho 0 up to Its former enemies all It Its It ship ships larger than 1600 tons and half halt of ot Its it ships with Ith a tonnage between beh een 1600 and 1000 Only ships suitable for shipping remaIned rem Rough a 0 of oC o 1000 tons ot of German shipping pl g was tras t turned over AS been alose a loss lose of German ships in the aI there were only tons left I after atter the terms of ot the Treat Treaty were executed IL LI WAR W SIZE New Nen ships tt were ero ore built and Ger Germans maps mans maps bough ships back from their former enemies until the Ger- Ger German Ger German man merchant fleet now non line has 2 2000 2 flOO 2 1300 tons of bottoms which Is less than halt half the war pre size and less than 6 5 per cent ent of the mer mer- merch nier- nier merchant ch chant nt shipping of or the world The 0 government ga gave gate e largo large sums to encourage ship-buildIng ship sup sup- sup sup-pi pl ng ne two thirds of ot the cost But German money fell tell In value alue so rapidly that el I appropriations depreciated before con con- construction con construction n was as as completed on many of the tho ships Iron and coal oal prices In Germany rose higher than arid prices price and anti the general de tie de- de depressIon depression ot of world arid trade caused many ships to lie kilo Idle in German harbors just as aa elsewhere Ise here Ship owners today are oro scarcely cely able to tomake tomake mate make operating expanses e and h hate 0 left lett tor for building programs program German exports are now nets worth only about gold marks which I Is about tenth one one ot of the tho war pre figures ures GnU TRADE Shipping circles are hoping for fora fora tora a resumption of o the American grain hade to Europe and a 0 a gener gener- general general al ai improvement In the world orld trade situation as an ot oft bet to the ha d blow which the German Intel nal Situation has hag at shipbuilding In log ing and ship operation n |