New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-02
entlon to hire or purchase

The company IS precuded from entertaining In CON
nection with any of the five vessels named. offers Tor
sale or charter for period Of five weeks without giving
the Admiralty the option Of exercising the preemptlon
to purchase or hresuch option TO be exercised as re-
CARDS the Etruria. Umbra and Aurania, all or any,
within seven days and regards the Serva and Gala
either or both, within fortyeght hours In the event
Of purchase the foregoing prices are 10 be held as the
values Of the vessels January l. 1857, with an ad-
dtiona ten per cent for compulsory SALE less an
abatement Of six per cent per the deprecated
annual value for the period that may elapse between
January l, 1887. and the date Of the purchase
In the event of charter or hire for the Erura Umbra
and AuIania all any, the payment IS 10 be twenty
tEnglisD shllnngs gross registered ton per month,
without crew. and the rate Of hire for the Servia and
Gaa either or BOTH IS 20 be fifteen shllings gross
registered ton per month"; without crew. The Adml-
rally agrees 10 assume all risk Of vessels from hOstlte
The owners will be permitted TO remove all furnishings
for the accommodations Of passengers. There are
fitted on these vessels, by the Admiralty. the permanent
supports and platforms for the four guns to be carried
ON the poop and forecastle. As regards these four
71ns and the eight guns contemplated to be placed on
the upper deck the Admiralty is to provide the racers
and other fasenngs and gunmountinss ready for i'm
mediate placing in the ships.
The agreement with the White star line contains
practically the same conditions as that with the Cunad
Company. 10 the event Of purchase Of any OF the
vessels there Is a uNcQ sum udncu Inc l"o NcoociS
recently built by the company-the Majestic aud leu
tonic-are OF such tpye and speed as 10 make them
pecay suitable for service armed cricers and were
constructed in accordance with plans and specifications
approved by the Admiralty. In consideration, 1t was
agreed TO pay to the company for these vessels an
nual subvcntion. payable hahyearly, at the rate OF
fifteen shillings gross registered ton This amounts
to S34 200 year in the case Of the Majestic, and 34
$50 80 year in the Of the Teutonlc Each sub
hega from date which these vessels
started on their first voyages with the malls, and TO
continue yearly for the minimum period Of five years,
terfnlnabe at the end OF five years thereafter on
twelve months previous notice and provided that no
subvenon IS payable to any vessel after January l,
1894 if the Admiralty shall have given the twelve
months previous notice.
In addition 10 the Majestic and Teutonlc the White
star line agreed to hold at the disposition Of the Adj
rniralty upon the same conditions provided for the
Cunard line, the Britannia and the Gcrmanic, each
vsiued az $633,425 and the Adratc and Celtic, each
valued at S45665O. The Majestic and TeutOnlc have
been built upon plans which provide vessels far ia ad-
vance Of anything at that time submitted % the Ad-
mlralty for the purpose Of armed cruisers Their coal
capacity would enable them keep the for prob
ably not less than three months.
The Admiralty considers that vessel Of less speed
than seventeen eighteen knots at would meet the
purpose armed cruisers, aud that such steamers are
only likely u find profitable mercantile employment
In the mail and passenger service particularly III mat
IN America Vessels constructed 70 Admiralty
designs must be at disadvantage u respect 70 their
CARLO caTrying powers. therefore they realized thar
80 reasonable announcement must be given 10
,hpOwners 10 build and maintain this description Of
steamship In the trades that may be expected 10 sup
mort them. Another condition that Onehalf Of the
crews employed for these vessels shall consist, as
nearly a. possible OF men belonging to the Royal
Naval Reserve
England Is not the only foreign country that sub
sidlzes It's steamship companies. France pays So
I513e5 A year, aud IN It's contract with the Mesa
eeries Maritime Steamship Company II Is stipulated
That in OF w.4r, the Government viii have the
right 70 take possession OF the steamers and will pay
five per cent interest the capital invested and re
lmhurse the company for the appraised losses or aam-
ages The law Of l5s1 gives bOuntles If al least fifteen
cents ton for ten year, for all ships built IN France,
but only those which engaged carry the mails
required 20 have special fittings make them useful -
cruisers In war premium for speed Is also granted
10 vessels ~ the postal service. The French Ministry
also provides for the employment Of the personnel OF
The mercantile service IN the Navy.
Italy supports Italian steamship companies by an
annual subsidy Of nearly - 100000. The carriage Of
the mails Is obligatory The Italian law o. loso gives
special premium Of IS 20 ton for every iron or steel
ship built In Italy, and al 90 for every horsepower OF
and boilers built in Italy and fitted in an Italian