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Bacon, Edwin M.

"Manual of Ship Subsidies"

[EV] By 1909 the tonnage had been brought to a
total of 700,959 tons, approaching that of the year before the war. Of
this total 443,243 was steam tonnage. The greater part of the steam
fleet was foreign built, only 167 of the total, 898 steamers, being of
Russian product. The largest number were built in England (341). Others
were obtained from various European yards. More than ninety per cent
were of iron and steel. Of the sailing-ships, ninety per cent were home
product.[EW] In 1910 the total tonnage stood at 887,325 tons.[EX]
The mileage subsidies in 1910 were going principally to eleven steamship
companies; the postal subventions mainly to four. Those receiving the
mileage subsidies carry the mails and Government passengers free. The
largest mileage subsidy goes to the Black Sea Navigation Company, the
oldest and most important of the subsidized lines (founded in 1856, with
Government aid).[EY] In addition to the subsidy the Government pays back
the Suez Canal tolls. The Russian Volunteer Fleet stands second on the
list of subsidy receivers. This is practically a Government affair. It
was created in the war-time of 1877-78, by private subscription, as an
auxiliary war fleet; and was reorganized for general service in 1892.


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