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Lake Carriers Meet (Continued from Page 41) It was suggested by Mr. Sullivan that a committee be appointed to confer with the underwriters in order to get rates established earlier in the year and in sufficient time before the opening of navigation so that vessel owners might be able to place their insurance in a really competitive mar- ket. No action was taken except that the advisory committee will dis- cuss this matter with the view of improving present conditions. Total contributions from members of the Great Lakes Protective asso- ciation and from interest on deposits less lay-up returns and cancellation returns for the fiscal year 1927 amounted to $483,407.79 while the expenses of the association paid, less recoveries, is in the amount of $370,- 797.50 indicating an excess contribu- tion in the fiscal year of $62,610.29. It must be borne in mind that actual- ly at this time only a small percent- age of the losses are adjusted and paid, the balance is made up from estimates based on reports received from R. Parry-Jones and from the various subscribers. The present in- dication of the amount returnable to subscribers is therefore, as_ stated above or approximately 14.45 per cent of the initial contribution. The largest losses were sustained by the association in the series of gales, Dec. 6 to 9. The most serious single loss was that of the steamer E. W. OGLEBAY, when she stranded on shot point near Marquette, Dec. 9, resulting in a destructive total loss. The total of this damage it is es- timated will amount to around $260,- 000. Since 1918, a period of fourteen seasons, only two vessels in the mem- bership of the association have _ be- come total losses by reason of stress of weather. The association however, is not satisfied that last year repre- sents the best showing that can be made and the subscribers are urged to take a still more active interest in all matters which will increase safety of navigation. All officers and members of the ad- visory committee were re-elected with the exception of C. D. Dyer, who resigned. This vacancy was filled by the election of George M. Steinbren- ner, The personnel of the committee follows: J. S. Ashley, chairman; A. E. Cornelius; H. Coulby; George M. Steinbrenner; R. W. England; A. F. Harvey; C. L. Hutchinson; J. T. Kelly; F, I. Kennedy; A. T. Kinney; H. K. Oakes and A. E. R. Schneider. The other officers are George A. Marr, 56 secretary and attorney in fact A. E.R. Schneider, treasurer; J. A. Armstrong, assistant treasurer and Harvey D. Goulder, counsel. This year’s annual meeting of the Lake Carriers association closed as is the custom with a banquet. There was a large representation of mem- bers of the association and guests. Hon. Newton D. Baker, general coun- sel for the association and former secretary of war acted as toastmaster. In his address Mr. Baker very clearly and briefly outlined the present status of the Chicago lake diversion case before the Supreme court of the United States. The states of New York, Ohio, Wisconsin, Minnesota and Michigan are opposed to Illinois. Act- ing as a master for the Supreme court, Charles E. Hughes has reported his findings. A summary of his re- port was published in MARINE REVIEW for December. The Supreme court has now set aside April 23 and 24 for arguments in the case. At this time Mr. Baker will represent the Lake Carriers. With his customary felicity, Mr. Baker attended to his role as toast- master and introduced the speakers. Among the guests and speakers were the following: Harvey D. Goulder, Col. John Millis, U. S. A. retired; Col. Spencer Cosby, U. S. A. division engineer, Cleveland; Lieut. Col. E. J. Dent, U. S. A. district engineer De- troit; Roscoe House, Charles A. Park and C. H. Hubbard respectively su- perintendents of the tenth, eleventh and twelfth lighthouse districts at Buffalo, Detroit and Milwaukee. C. J. Jefferson, head of the fuel conserva- tion section of the United States ship- ping board; Isaac De Young, general superintendent St. Mary’s Falls canal, Sault Ste. Marie; Commander G. A. Beall, U. S. N., branch hydrographer, Sault Ste. Marie; Lieut. Andrew P. Lawton, branch hydrographer, Cleve- land; Frank T. McArthur, superin- tendent St. Mary’s Falls canal, Sault Ste. Marie, Mich.; and Major W. H. Slaughter, surgeon in charge of United States Marine hospital, Cleve- land. Seminole in Fast Run The motorship SEMINOLE arrived in New York, March 29 after making an exceptionally fast run of 38 days from Calcutta. The Roosevelt Steam- ship Co. is the operator of this ves- sel. Other shipping board converted diesel vessels in the New York-India- Australia service are the SAWOKLA, the UNico, Wrest HONACKER, TAMPA and CROWN ClIrTy. MARINE REVIEW—May, 1928 Cunard Line Report The report presented at the fifty- first annual meeting of the Cunard line directors in the Cunard building, Liverpool, April 4, showed a profit of £659,748 for 1927 after allowing for income tax interest on debentures, depreciation, etc., compared with a similar figure for 1926 of £516,329. Lloyd's New Quarters (Continued from page 34) coves, at which four or half a dozen diners could sit and discuss their affairs over a meal. The records are still one of the principal features of Lloyd’s and up to the end a very large part of the premises was occupied entirely by ponderous books which were written up hour by hour as information came in. It is only recently that the card system of filing has been adopted, and even now it is not complete. In addition to keeping these rec- ords the premises in the Royal ex- change were used for the editing and printing of Lloyd’s list, a daily news- paper that is the direct descendant of old Edward Lloyd’s first venture in that line, Lloyd’s Daily index, which gives the movements of every sea- going ship, Lloyd’s Loading list and many other publications. These pub- lications are not to be confused with Lloyd’s Register book, which is pre- pared and published in a different part of London by a concern which is quite distinct although of course affiliated. Lloyd’s Registry of Ship- ping was founded in the ’twenties to survey ships and to prepare a classi- fied list for the use of the under- writers. The old quarters in the Royal. ex- change were steeped in_ tradition, from the fact that the attendants were always called “waiters’’ to the announcement of every item of great importance under the big ship’s bell that was recovered from the wreck of the frigate LuTINE, which was lost while carrying a valuable cargo of specie and which was a_ heavy blow to the underwriters. As many as possible of these traditions and features are being carried on in the new building, with such modifications aS are necessitated by the rush of modern business and the desire for additional comfort. But the commit- tee would never agree to any com- plete break with the traditions of the past, and it is these traditions that go far towards making and maintaining the reputation of Lloyd’s all over the world.