Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-08-20

tween our own aud british ship
ping. Is most conservative
The legislation recommends direct
a!d. computed On a dincr"utial. based
on combination "t speed. tonnage
and distanc" covered IN" basic
id"h tx that the aid paid to IN" shin
must 10. measured 10y her actual ser
vice in tn" foreign trade and her
POSSIBLE" Nalu" To the country as "A
naval auxiliary.
II ~ proposed than every vessel
OF tn" United states entitled To di-
rect aid shall receive "a sum cuuul
To IL cent per gross ton for each
100 miles covered In tn. foreign
trade. For speeds up To twelve kno1s
IN" rh'e is constant. beginning with
twelve knots the rate Increases
rapidly. thus placing premium upor
speed. The reason for adopting this
schedule ~ To encourage tho buiid
INK and opcra7l Ing of high-spc.d yes
sells suitable for carrying the mails
ana Tor us" as naval auNiliari"s and
L" compensate FOR Ia" Increased cog,
OF construction aud operation Of
such vessels. Vessels capnhi. Of
operating Mt a speed of twelve knots
ar" Eiv"n siS-t"n,hs of pcr con, per
gross ton for each 100 miles add
'i"nal, and IN" rat" increases for
'"'" N''' WI SI'''b. So mat who
speed OF twenty three knots or
over Is reached % cents per gross
ton r. given.
VIII Cost $30.non.on Yearly.
II is estimated that tn" total
annual expenditure" for tho dincron
TIA! payment for the entire iruorl-
can merchant marine in foreign
trad" i've wears hence. when IL
expected that TN" rcct will hav,
81 numerically developed to u total
% 1,'N"."00 gross tons (Which il ls
estimated would b" capable ~ carry.
'nr about one half ~ ali classes
Of exports aud Imports 81 tho coun-
rD. would not ne In .NccSs Of $50
O0" 600
In order, however to avoid anv
"rportunity 'or rroH,ocriur and 20
prevent thu lines no, recurring tho
aid proposed from receiving The
navigation bounty contemplated. +,
rs proposed to call a hal, when shin
ping companies. with whom the gov
eminent makes contracts Darn more
IMAM 10 p"r cont on thor capital In
vested In SHIPS and facilities I, is
provided that tn" cNrc,s Of pruH,p
over 10 per cent on tho Invested
capital shall be divided equally win
m" Rnvcrnm"nt untl such time "a
"a" snip has returned to the gov
"fnn"nt tn" amount Of direct aid re
r"iN"d and ah"v" tina, tn" owner
retains all az m" earnings In This
manner. individual initiative and on
'"rpris" nr" retained and encouraged.
and proN,""rlng ~ tn" expense ~
the government iS avoided
Y" lsr Custom. Duties.
tn" m"rchan; marine fund. out OF
which INC proposed d!roc, aid VIII
b" paid. Viii h" mad" up rriuc!pal-
~ by div"rtinr 10 per cent % tho
customs collections on all imports
into IN" fund. which viii hc admins
tered by Tho Shipping BOARD II Is
estimated that these customs re-
c"ip,s VIII amount to about $40. 900. :
GOO per "nnuin. The fund should be
augmented ,hy adding thereto tho
tonnage taN"S collected In Amcrican
ror,s from all ships. American and
foreign. Thcs" tonnage taxes would
probably amount 20 an additional 81 .
zoe 200 per auuum.
Tn" fund would b" further aug
menI"d by tn" payment Into the
fund of tn" compensation earned for
the curr.uS" %, all foreign malls
except parcels posD from the United
States by ships cnjoy!ng the bcncilt
OF the direct aid. with tins end IN
view. the postmastcr-G General liz to
pay such earnings. which now
amount 10 about 100000 per an
num, into tho merchant marine fund.
instead OF TO the vessels.
The basic direct aids proposed will
not fully compensate for tho differ
entail In fixed charges ana operating
costs between American and British
ships. II Is still further dcncIcnt
with relation to competition other
than british. II would have been
the duty OF the Shipping Board L.
have recommended a greater amount
OF aid had II not been actuatcd by a
desire 10 cause the most efficient OPP
Grafton possibl" by American opera
tors by giving the lcas, possible
aid that would permit competition.
aud had II not fclt that considerable
assistance would hn derived from di-
rec, measures and from the sale OF
Shipping Board vessels at world mar
ket prices.