miles run, allotments were thus made: for the first year, $852,600; for
1908, $893,200; 1909, $954,100; 1910, $1,015,000; 1911, $1,075,000; and
for the five years remaining of the term, of the law--which ends
December 31, 1916--$1,136,800 a year. The construction subsidies were
raised as follows: for ships launched after July 1, 1907: steamers built
of iron and steel $8.12 per gross ton, sailing-ships of iron and steel,
$2.84; for marine engines, boilers, pipes, and auxiliary apparatus,
$1.62 per 220.46 pounds. To entitle a ship to these bounties fifty per
cent of the materials used in its construction must be home product.[DJ]

This year (1907) also the annual postal subventions to the Austrian
Lloyd were increased $1,486,586, for a further period of fifteen years.
This contract called for an increase of speed to the Levant and the
Orient. The Suez Canal tolls were to be paid by the Government as
before.

* * * * *

The Kingdom of Hungary grants bounties to Hungarian ships, or ships
owned in greater part by Hungarian subjects, independently of the
Imperial Government. Her first general bounty law was also enacted in
1893 and was limited to ten years. The subsidies granted were of two
classes--premium on purchase, and a mileage bounty. The purchase subsidy
was based on net tonnage and was payable for a term of fifteen years
from the date of the ship's launching, reduced each succeeding year by
seven per cent; the mileage subsidy, for the same term, was in
proportion to the length of the voyages made "in the interest of
national commerce whether to or from Hungarian ports." The premiums on
purchase were thus fixed for the first year: for vessels employed in
long-distance coasting trade--sailing-ships, six krone (each 20 cents);