While
most of the Austrian tonnage was yet of foreign build, mostly
constructed in British yards, the increase in the proportion of domestic
build was considerable after 1893. The greater part of the materials
used was Austrian product. Consequently allied industries increased with
this increased output of home ships.[DI]
At length in 1907 (February 23) a new law was enacted increasing the
navigation and construction bounties. For the navigation subsidies, to
go to shipowners according to the tonnage of the ships and the number of
miles run, allotments were thus made: for the first year, $852,600; for
1908, $893,200; 1909, $954,100; 1910, $1,015,000; 1911, $1,075,000; and
for the five years remaining of the term, of the law--which ends
December 31, 1916--$1,136,800 a year. The construction subsidies were
raised as follows: for ships launched after July 1, 1907: steamers built
of iron and steel $8.12 per gross ton, sailing-ships of iron and steel,
$2.84; for marine engines, boilers, pipes, and auxiliary apparatus,
$1.62 per 220.46 pounds. To entitle a ship to these bounties fifty per
cent of the materials used in its construction must be home product.[DJ]
This year (1907) also the annual postal subventions to the Austrian
Lloyd were increased $1,486,586, for a further period of fifteen years.
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