Cite: http://nla.gov.au/nla.news-article1231669
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SHIPBUILDING
Big U.S. Loan Fund
WASHINGTON, Wednesday.
President Coolidgo signed the Jones> fleet Rill, which is designed to main- tain a strong American Merchant ma- rine hy aiding private ship operators. 'Hie lilli increases to 250.000,000 dollars Hie present 155,000,000 dollars construc- tion loan fund to private shipbuilders, iml provides thjit the money from the fund loaned to 75 per cent, of the valut of ships, te be built. .'
H also increases the present rate for contract mail carrying, ¡md>. provide? »»ii United Stales |Shippmg"T3pard ve-,-. Mis muy lie, nold to private..Interest chilly hy a vate of live out ol' seven momb.'t's.