Supplementary Memorandum by F T Everard
& Sons Limited (FUS 32A)
1. I gather that the Inland Revenue have said
that the income tax concessions were granted for military reasons.
I think it is very interesting that our coastal tankers which
are considered to be strategic were not allowed to join in the
scheme. These are very sophisticated vessels and you need people
to be trained to a very high standard in order to run them. The
people who work for us have to pay full income tax and we have
been losing "Brits" over the last few years. These ships
should be included if the reason is military.
2. I understand also that it has been said that
the number of Canadians trading on UK coastal ships is very small
in number but considering how many there were three years ago
they are increasing at a high rate and it is not just Canadians.
I understand that two major short sea and coastal companies, namely
James Fisher and Stephenson Clarke, are replacing their British
crews on their dry cargo ships with foreign crews which I think
makes my prediction that as time goes on there will be a majority
of foreigners trading in the UK and short sea coastal vessels.
I also repeat the point that countries such
as Sweden can send their ships to trade around our coast which
is by far the largest cabotage trade in Europe and either the
companies or the crews receive income tax relief.