sailing ships for a total of 299,638 tons.[DC]

FOOTNOTES:

[Footnote CZ: Meeker.]

[Footnote DA: Lloyd's Register, 1910-11.]

[Footnote DB: Meeker.]

[Footnote DC: Lloyd's Register, 1910-11.]




CHAPTER VI

AUSTRIA-HUNGARY


The Imperial Government of Austria-Hungary spurred by the action of
Germany, instituted a direct subsidy system, also modelled after that of
France, in 1893, when the Austrian merchant marine was languishing.[DD]

A postal subsidy had long been in operation, the subsidies being all
awarded to a single steamship company--the Austrian Lloyd, earlier the
Austro-Hungarian Lloyd. They were practically mileage and speed
bounties,[DE] increasing with the extension of service. Ten-years'
contracts were at first made with this company. The contracts, executed
in 1888, particularly guarded domestic interests. In the purchase of