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June, 1918 thus is being reclaimed. The fitting out piers: will be seven in number, each 1000 feet dong, and they also will occupy more than a mile of river front immediately south of the ways. Each pier will accommodate four hulls, making the total simultaneous fitting out capacity atmple for 28 hulls. This capacity corresponds with that of the ways, since less time is required for fitting out than for as- sembling the hulls. The Agent of the Government 'se American International Ship- buiding Corp.'s status is solely that of agent of the United States ship- ping board in building and operating the shipyard. All the work entrusted to the corporation is being done under the approval of the United States shipping board, with Rear-Admiral F. T. Bowles, assistant general man- ager, in direct charge. The contract for building the yard and ships is held by the American International Corp., which owns all of the _ stock of the American International Ship- building Corp. The site of the yard, 846 acres, is the property of the Amer- ican International Corp., which pur- chased' it at $2000 per acre. The United States shipping board now is paying a rental for the site equivalent to 6 per cent per year on the pur- chase price, and it holds the privilege of purchasing the site at the purchase price at the end of the war. The American International Corp. holds the privilege, in case the United States shipping board does not exercise its option, of acquiring the shipyard at THE MARINE REVIEW THE DOUBLE BOTTOM IS FORMED BY HEAVY GIRDERS CONNECTING THE INNER AND OUTER SKINS OF PLATING its appraised value at the end of the war. In the meantime, all expenses and the cost of labor and materials for building the yard and the ships are being defrayed by the United States shipping board. With regard to the fees which the government is paying the American International Shipbuilding Corp., offi- cials of the company are content to allow the facts to speak for them- selves. The only fees which the company will receive are $41,000 for a AFTER BEING CUT AND ROLLED, TO SHAPE, THE FIRST BOLTED IN PLACE AND THEN ¥ pa F ie a : rhe aa et BILGE PLATES ARE RIVETED each completed 7500-ton vessel, and $65,000 for each 8000-ton vessel. In- asmuch as the estimated costs are $1,100,000 for the 7500-ton and $1,650,- 000 for the 8000-ton vessels, respective- ly, the fees are equivalent to approxi- mately 4 per cent. However, . while the subcontractors who are doing various parts of the shipyard con- struction work are paid fixed fees approximately 5 per cent on the cost, the American International Shipbuild- ing Corp. is not receiving any remun- eration whatever for such construction work, or its supervision. In fact, the company is donating its services in this direction. Comparing the fees for building the' vessels with the com- bined cost of the vessels and the yard, they are equivalent to some 3% per cent. In the construction of the yard, the company enjoys the co- operation of Stone & Webster, who furnished the services of more than 400 skilled construction engineers. The American International Shipbuild- ing Corp. also utilizes the services and facilities of the New York Ship- building Corp., which is owned by the American International Corp. Bonuses and Penalties The contract between the United States shipping board and the Amer- ican International Corp. provides an inducement in the form of premiums to be-paid to the latter company for speedy delivery of the vessels. The government will add $500 to the $65,000 fee for the 8000-ton vessels for each day gained in delivery up to a maximum of $17,500, and a