This contract called for an increase of speed to the Levant and the
Orient. The Suez Canal tolls were to be paid by the Government as
before.
* * * * *
The Kingdom of Hungary grants bounties to Hungarian ships, or ships
owned in greater part by Hungarian subjects, independently of the
Imperial Government. Her first general bounty law was also enacted in
1893 and was limited to ten years. The subsidies granted were of two
classes--premium on purchase, and a mileage bounty. The purchase subsidy
was based on net tonnage and was payable for a term of fifteen years
from the date of the ship's launching, reduced each succeeding year by
seven per cent; the mileage subsidy, for the same term, was in
proportion to the length of the voyages made "in the interest of
national commerce whether to or from Hungarian ports." The premiums on
purchase were thus fixed for the first year: for vessels employed in
long-distance coasting trade--sailing-ships, six krone (each 20 cents);
steamers, nine krone per ton; employed in deep-sea trade,--sailing-ships,
nine krone; steamers, twelve krone per ton. Iron or steel ships rated
first class were entitled to these bounties. The mileage subsidy was
fixed at five hellers per ton, per hundred nautical miles run.
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