HC Deb 28 January 1958 vol 581 c57W
91. Mr. A. J. Irvine

asked the Minister of Transport and Civil Aviation what steps it is proposed to take to safeguard British shipping from the effects of competition with United States-owned vessels sailing under flags of convenience.

Mr. Watkinson

By doubling the Investment Allowance for U.K. shipping the Government have already taken steps to reduce the competitive advantages of shipping registered under flags of convenience, whether United States-owned or otherwise. The problem of the rapid expansion of these tax free flags is at present under consideration, but I can promise no early solution.