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Sunday 21 January 2018

Turkish government subsiding new building merchant ships abroad according to the Dutch magazine Schip en Werf dated 22 March 1935

An item reported that the Turkish government approved a five years program for improving and increasing the Turkish merchant shipping with a budgte of 8 million Turkish pounds. The budget was to be used for building abroad of 10 ships of a tonnage varying between 4.500-10.000 tons and a speed of about 14 miles. Under the budget year 1 June 1935-31 May 1936 was the first 2 million available and were building orders to be expected.