Book-bot.com - read famous books online for free

Manual of Ship Subsidies by Edwin M. Bacon
page 69 of 134 (51%)
this total 443,243 was steam tonnage. The greater part of the steam
fleet was foreign built, only 167 of the total, 898 steamers, being of
Russian product. The largest number were built in England (341). Others
were obtained from various European yards. More than ninety per cent
were of iron and steel. Of the sailing-ships, ninety per cent were home
product.[EW] In 1910 the total tonnage stood at 887,325 tons.[EX]

The mileage subsidies in 1910 were going principally to eleven steamship
companies; the postal subventions mainly to four. Those receiving the
mileage subsidies carry the mails and Government passengers free. The
largest mileage subsidy goes to the Black Sea Navigation Company, the
oldest and most important of the subsidized lines (founded in 1856, with
Government aid).[EY] In addition to the subsidy the Government pays back
the Suez Canal tolls. The Russian Volunteer Fleet stands second on the
list of subsidy receivers. This is practically a Government affair. It
was created in the war-time of 1877-78, by private subscription, as an
auxiliary war fleet; and was reorganized for general service in 1892.
The members of the board of managers are State nominees, and the
officers and crews are regarded as employees of the crown.[EZ] The
subsidy is fixed at six hundred thousand rubles ($309,999) a year; and
the refunded Suez Canal tolls amount to another six hundred thousand
rubles.[FA]

The mileage subsidies, given directly to foster shipping, increased
rapidly from year to year after 1890, while the postal subventions, for
mail carriage chiefly, remained practically constant.[FB]

FOOTNOTES:

[Footnote EQ: Meeker.]
DigitalOcean Referral Badge