Allied Shipping Control; An Experiment in International Administration

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The market price for the producer of oil- seeds would have been the same and the benefit of the cheap freight would have gone, not to the public, but to the merchant.
Were the ships then to be re-chartered at the full commercial rates ? Then indeed the result would have been better for the profit would have gone to the public — ^though to the pubhc as taxpayer, not as consumer. But with the pubUc feeling against high prices, it would have been extremely difficult to maintain such a pohcy. It wo
...uld have been denounced as profiteering, and public and shipowner alike would have felt they had a legiti- mate grievance. Extension of requisitioning could thus only secure its object of reducing costs if it were combined with the control of the actual commodity. This was, as we have seen, the ultimate solution ; but it was a difficult and compUcated process which was extended gradually from commodity to commodity on many considerations, of which the cost of freight was only one.
Control of purchase, distribution, manufacture, and price of all the imported supplies of the country, though it gradually became expedient on other grounds, could scarcely be undertaken solely to deal with the problem of shipping profits.


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