SHIPPING PROSPECTS.
It will be noted that the Chairmen of most of our Shipping companies are not unnaturally disposed to take a cautious view of the outlook. There are certain directions at home where there are signs of a little improvement in trade activity, but the directors of our big shipping undertakings are naturally concerned with world activity as a whole, and in his recent address. to shareholders of Michael Nairn and Greenwich,
(Continued on page 's i.)
Financial Notes
(Continued from page v.) at the meeting held this week, Sir Michael Nairn dwelt on the difficulty of making any definite forecast in view of the cloud of trade depression which still hung over the world. Neverthe- less lie also expressed, not only the hope, but the opinion, that the crisis itself was bringing home to many countries the much- needed lesson of the essential interdependence of the nations. of the world. Such enlightenment is undoubtedly needed before we can expect to return to general trade activity.
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