§ Mr. A. Edwardsasked the Minister of Shipping whether, in fixing freight rates, he will base them upon the market value of ships at the outbreak of war and not upon enhanced values resulting from the war; and whether the same will apply when purchasing ships?
§ Sir J. GilmourIt is not my present intention to purchase ships on the United Kingdom register except under the powers contained in the Defence Regulations. For ships purchased under these powers, Section 4 of the Compensation (Defence) Act, 1939, lays down the principles upon which compensation should be paid, as it also does for the use of ships requisitioned for the public service.