The Hawaiian gazette., 1908-05-12
MARINE

Steamers flying the United States
flag in the Pacific Ocean are finding
that the underwriters at Lloyd's are
! far from eager to renew insurance at
the same rates previously given, and
in some instances there has been a
marked increase on hull insurance.
The greatest advance made in the re-
cent renewal policies was upon the
Great Northern Steamship Company's
steamer Minnesota, which was more
than doubled. Last year insurance on
the big Hill liner was effected in Eng
land at 315 per cent. The loss of
the steamer Dakota off Cape Nojima,
near the entrance to Toxic Bay, Gre
ated a most unfavorable impression at
Lloyd's, whose underwriters paid ST.
100000 on the hull and nearly as much
again on the cargo of the wrecked
steamer. AS a result, when the own
ers of the Minnesota came to renew
their policies they found the under
writers unwilling to accept them at
lower than Z per cent. and in part at
s per cent. The stranding of the
steamers Manchuria and Mongolia, at
Waimanalo, Oahu, and Midway, re-
spectively-a salvage claim by the
cable steamer Restorer, now lying at
Esquimalt, for $4,000 in still pending
on account of services rendered to the
Manchuria-has caused an advance of
10 per cent. on the larger steamers of
the Pacific Mail line. The Pacific
Coast Steamship Company also met
with an advance when the policies
on its steamers were renewed. On
the best of the company's vessels the
rate was advanced from 1-2 to 6 per
cent, but where a rate of to 10 per
cent. was previously given on the older
steamers there was no change. There
was no change in the renewal rate
on the Alaska Steamship Company's
vessels, although the recent loss of
the steamer Saratoga, following upon
the stranding and heavy salvage
against the Northwestern last year,
will probably have the effect of caus-
ing the underwriters when further in
surance is sought to advance their
rates against these steamers.
THE SOUTH AMERICAN TRAINING
SHIPS OFF FOR THE ORIENT.
ne bTdZllldH SHIP b6uJd-
min Constant sailed soon after s o'clock |
yesterday morning for Yokohama and |
at o'clock in the afternoon the Chill |
can training ship General Baquedano !
got away for the same port With |
only eight hours between their depar- |
ture, to the advantage of the Brazilian, /
the sporting instinct of the men of The
Chilean was aroused and before they
eft the Naval wharf they declared that |
before many days passed they would |
overhaul the Brazilian and give her
an exciting race to the Japanese port.
The bands OF the Brazilian and the
Chilean played aboard the ships for an
hour or so before their departure and
here were many Portuguese, Span
ards. French, Americans and Hawai-
ans on the Naval wharf and the Ala
lea street wharf to see the South
Americans get away. The men of the
.wo training ships made a great many
friends in Honolulu and it was the ex-
pressed wish of most of them that their
ressels would before many months find
t necessary to call here again. They
spent about 100000 while they were
lere and went away loaded, outside of
stores and other things purchased by
he ships, with all kinds of fancy goods
bought by the men and the officers,
iuch as monographs, kodaks, curios,
dress goods for lady friends
It home, clothes of the latest American
'atterns for themselves, candy, pre-
erves, ales. wines, liquors and cigars,
pictures and postcards and a score OF
'ther things from chewing gum to eX-
,ensive musical instruments.