ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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DACCA- Faith, Hope and Poverty

The Report, however, argues that because profit margins were falling or were non-existent in the period preceding pooling, rate increases would have been more frequent and higher had pooling not been introduced. Thus pooling appears to be a device to ensure a stable level of profits, with economy of scale, if it can be achieved, emerging as a byproduct. Pooling of trades has caused a measure of disappointment among traders as, in spite of promises, the standard of Conference services leaves much to be desired. Another aspect of pooling which it will be worthwhile to examine is to what extent it has effected the capacity of the Indian lines to cater to cross trades since these lines have to bear the major burden of carrying the Indian trade. Has their share of about 48 per cent in Indian trades been ensured at the cost of development of their capacity for .serving other traders and therefore development of their shipping tonnage?

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