The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-27
CONGRESS WILL
CONSIDER SHIP
SUBSIDY SOON
CONTINUED FROM PAGE oNr

tee stated today was not official and
is subject to changes in any one Of
Its features. the plan proposes both
direct and Indirect aid. the formt r
through diversion Of 10 per cent OF
import customs as bonuses to
American ship operators, and the
latter through establishment of n re .
NolVing loan FUND OF 100000 geo.
other suggestions now couprissd
IN the plan are understood to in
clude.
The shipping board sell It's re-
naming fleet as rapidly as nossible
AT prices not 10 exceed tho prevail
ing world market price Tor similar
/ tonnage.
Amendment Of section II of tho
| merchant marine act to permit the
e''apllshmont OF merchant marine
loan iund OF about 500. 900. 600
under the administration of The
shipping board for the purpose OF
making loans at reasonable rates OF
interest not to exceed per cent per
annum, on first mortgages on Ameri-
can rag ships; this fund not to be
/ united TO shipping board transaC-
| lions, but to be available for H.
nancing OF all American ship operat-
ing organizations.
Would lnVor shippers.
income tax RELIEF to create an in
centive to shippcfs TO use ships fly
ing tho American flag, providing for
a deduction from net income tax nav
able on the basis OF A small per-
centage OF the freight paid on Ampri-
can flag ships, or through greater
allowance Of depreciation on ships.
creation Of a government marine
insurance, non-profit making cor
poration TO insure It's own ships and
To offer hull insurance at cost to
private American owners, backed by
loan OF $4,000, 900.
Other suggested schemes Include
the carrying In American ships OF at
least so per cent OF the Immigrants
coming 70 this country; ship
licensing system; amending and re-
vislng OF navigation laws; preferen-
tial through rates to American flag
vessels, the extension OF a coast
wise law to our insular possessions
ana the cooperation OF shipping
board and navy to obtain better
compensation for the merchant
marine officers and mon Of the
naval reserve.
Declaring that indirect aid will not
alone enable American ships to
operate successfully in competition
with those Of other nations. the
committee also has adopted tenta-
lively the following metohds OF d.
rect assistance:
l.. =. on Even Footing.
Establishment of American ship
ping on an even competitive basls
with that of Great Britain by a
. basic payment to American ship
operators to cover the general wage
and subsistence, different between
the ships.
Making available n portion OF the
remunerative fund of about SIS
100000 per annum for encouraging
construction of mail carriers.
announcement of special services
and new routes through nominal bare
boat charters, operation under man
aging operators contract until pri-
Vate capital Is available and through
bids for the operation of prescribed
routes and services.
Customs receipts and tonnage
taxes from the main support of the
direct aid suggested. From the
estimated income from customs re-
ceipts for 1922 23 about $780,
100000, 10 per cent or 100000, zoe
would be set aside as a special
tnnd for paying remuneration to
American ships on a basis to be
adopted. Augmenting this fund
there would be, the report states "A
tonnage tax collected in American
Ports from all ships both American
and foreign; this tax. estimated nj
$500, 900, under present conditions
would be raised to $4,000. 900 II the
proposed tonnage dues under the
pending measure are made effective.