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392 Ntaliane “Prince sy isk. « 1893 3,083 Japanese Prince ........... 1911 4,876 WeataY e PYINCe isc ices « 1891 2,228 Merchant Prince .......... 1902 3,092 Mexican Prince ........... 1893 3,028 DEGOTISH= STINE: ¥ oco's<'s oo 00 1914 5,943 Norman Prince ........... 1900 3,464 ASGGaM. Prince: fi gue ccs wees 1907 5,101 Portuguese Prince ........ 1912 4,981 PRO MAN PEIMICE:'he 5 oseesisie sss 1914 5,284 Roumanian Prince ........ 1913 4,147 POV Als PRINCE. feiss cise so o'o aie 1907 5,547 POMBSIAT PLING =< sic.5 Gores 5-0 1912 4,158 Scottish: Prince soi eve yes 1910 2,897 REV TOT Or MINCE gic vrs aie ois 1901 4,831 Siameses. Prince) 2655 ose vcs eo 1911 4,847 BOldiens ee rigicec yc vie bse os o's 1901 3,118 Siart GPEC oh wile d sac. e ules 1899 3,597 Swedish eerily << gvcsviatse ss 1896 3,712 iden fch oma ag ehh kes Meerane ys anne pra 1896 3,196 AM ia Vey aks C2 by kel eee eee Re 1903 4,292 AAISCAT SePTIN Cy Gi teitie a3 es es 1913 5,275 WVGISH AP LITICE eieic.c ais 'e's so 'v: ore 1903 4,934 The following are the ships belonging to Furness, Withy & Co., Ltd., as shown by Lloyds Register for 1916-17: Gross Name— Built tons. PAMITVAD O1IS Oo Gis aie Secein ese iets 1911 4,567 oy atti CaN Pocageldae Geer Srarie Pat Rear eres atnr ey 1914 2,107 MBA a Miey ees aka ha el asp euesa te 1900 4,573 Masten pinGel < svse eects wacee 1914 1,949 CHATIESEON a's ity ctersse ce sieve: eiece 1908 1,866 (SOllimewOOdet acre eiessieis stars oe 1905 1,278 Ram alesse reeled wisp agen) sac 1906 1,295 MOAT AU Sec stare grein aceby Seestroveses 1908 1,851 ESV ui tore wactaiors Onc chota ete scecsinta 1913 3,966 DU RATIO a war ag ot otees ee actiatere: cues 1895 3,008 FGAVESLOMG? scicic nls creas wielevesise 1912 1,858 OW ELATIA ce sak woot aun Whsherew ieee 1905 3,818 PUASE OIL atin esa Ais vareh alone snaps Building 5,300 Mert haT Cia. Sct s fn) Aces cvevaterese 9 908 1,851 WGGACTAMA 7 kink ie sso uae we eases 1903 3,536 MGTAMUICY® 5 i ea Gon op) eos gine nue 1908 1,869 Ro Shela gar occi co ssa sisi verses ee 1912 4,681 I caVel bb ot: Rens Ra ahr c AU REREa SAN irae Ci 1902 3,869 ANAT W A esa cop rwie « oke olisvelale’s 1893 3,884 WES HOMES em etre cave eceis £8 1906 3,974 MB Titers ovaver onceat slichsconere a sueigi tre 1911 1,301 ANARCEO TI: dateis os ccckoserai 9 8 heseinte'e 1912 3,840 INO MOT berate hacer nae oa ele eter oe oasis 1907 1,825 PCMISAC Olas riwicike a. steineeiouals 1914 2,092 POTMAT OTIC ca vewielsis etre aie shee 1907 1,809 PPO PIINON Goat oa ejslal stese stele ® 1908 1,867 ARANDA TI See siz scans late selcte) aio overs 1907 3,760 RappalannGck.: joi. 60 4.08 see 1893 3,871 TNOADIOME Soest eivie sisiaks bigiarpi eine 1907 3,765 RG THEM hoa te er ia nedavavs Valsishiecavalchers 1909 1,968 PROD E icisehiesn aie cinle os ast caerh osek ave 1907 1,334 INO WASGO Cisse cuctedeceile eke s5e evel 1895 2,987 PATRI Wels os ‘sale oelsle ooeka'ei aleve 1910 5,191 ViMelahoal once SeOeERe Sao Nae 1907 1,327 METI CE eee die icvate cianereisis pie arelect 1914 1,874 Waterlanid’s 0°45 sui. 1 vie sus, 0' ere 1902 494. DVFESE WaT Oe ub eric cieieiveuveiecoence 1907 1,968 ° ivabiondh ovale anes ry tin perearneeessa cred 1907.° 1,469 DWV TICOLG ios a cltie pots hrniscene oe 1907 4,937 VGA ES oe 10s cadens creiereiere sane safe 1914 15911 * Ok OOF FFICIAL details of the plan under which the Peninsular & Oriental Steam Navigation Co., London, will ab- sorb the New Zealand Shipping Co., are now available. It. is proposed to in- crease the capital of the P. & O. com- pany from £1,798,133 deferred stock to £2,704,853 deferred stock, thus making, with the addition of the existing pre-- ferred stock, a total capital of £5,744,- 853. The agreement provides that each ordinary share of £10 fully paid of the New Zealand Shipping Co., Ltd., shall be exchanged for £10 of fully paid P. & O. deferred stock the togal issue of © P. & O. deferred stock to effect this and for which power is — arrangement, asked, being £906,720. For a number of years past the Brit- ish India Steam Navigation Co., Ltd., has maintained a service between Eng- land and Australia in alliance with the Federal Steam Navigation Co., the shares in which company are held by the New Zealand Shipping Co. The THE MARINE REVIEW object of the proposed combination, 1s: > to make a complete fusion between the New Zealand Shipping Co. Ltd., and the PR, & O. and British India com- panies, thus promoting economy, strengthening the position of all the ~ companies, and generally increasing the efficiency of their joint work. The: property of the New Zealand Shipping Co. includes that company’s own fleet, built or in course of building, of about 154,942 tons, and all the shares in the Federal Steam Navigation Co., Ltd., which owns a flect, built or in course of building, of about 169,590 tons. he Le 15 ships recently bought by Mr. Hughes, prime minister of Aus- tralia, will be operated as a state- owned steamship line, to be called “The Commonwealth Government Line.” Their . name and tonnage are as follows: Gross Name— Date tonnage. Strathend nick: coh. cates cies 1907 4,379 Strathavior 02-4519 cere at oats 1907 4,403 Siraphainlytsccweres ore sae 1906 4,326 StrathOnde icc autewsis cree sea 1906 4,417 Strathlevien: iia vc. a ieieners jade ee 1907 4,396 Strath@eer te ker mcaes ves ae 1907 4,409 Strathspeycreuen sca wie wacsonedne 1906 4,432 S Ere th matrys ances ets shica eens 1907 4,398 Strathbesse tev evceiesre ew cee es 1909 4,338 Strathesk c,h sac ve ose eies 1909 4,336 AEC AT SOM tees ays 05s ont wiotstt ates 1915 3,570 Ardanmbhoreoee wad sais. @ciriecneone 1907 4,454 Mermon ty vas siete tts ascreious aoa 1900 4,271 Pahtorinalle x: sakcewnses ee nce ates 1899 3,534 Wik OS wpalder spac stnstemtese ar ere 1912 4,021 The ten “Strath” ships have been taken from Burrell & Son’s large fleet. The commonwealth government has ap- pointed H. B. G. Larkin, commonwealth shipping representative on the high com- missioner’s staff, to be general manager of the new line, at London. He_ has appointed Turner, Davidson .& Co. to be London brokers of the. government line. Many of the vessels*are.now em- ployed on government business, and as they become available they will be sent out to Australia to load wheat for the United Kingdom. | Asked for a statement on his trans- action, Mr. Hughes said: “The difficulty of obtaining tonnage to transport the products. of Australia to the ports of the United Kingdom and ~ those of the allied countries, and the high rate of freight which, except where controled by admiralty requisition or admiralty influence, threatened to be- come prohibitive, have become so acute that in order to protect the interests of the producers the commonwealth government recently decided to purchase a number of steamers in order to ease the situation. “The negotiations have now been brought to a satisfactory conclusion and the vessels as they come to hand will be renamed and employed in the Aus- tralian trade. The fleet will be known as the “Commonwealth Government Line”, and it is hoped that with fair -allotment of other British tonnage the producers of Australia, who in normal _ times market more than 80 per cent of their total output within the empire, will be able to place their products on the home markets. “The purchase by the Commonwealth government of these steamers will not affect ship owners in the Australian trade. There is ample room for al. But the Australian -government line will, so far as its tonnage capacity goes, guarantee Australian producers reason-: able freights.” It is understood that for the larger vessels about £140,000 was paid, which, on a deadweight of about 7,500 tons, would. represent a value of about $95 a ton. Before the war. the value of such ships might, perhaps, have been estimated at about $20 per ton. The fleet will not be the first state steamship service in Australia. Five vessels are owned by the government of Western Australia, including two of about 3,000 tons each. k * * CIRCULAR has been issued to the stockholders of the Taylor & Sanderson Steam Shipping Co., Ltd, London, suggesting that the fleet of. steamers owned by the company be dis- posed of. The fleet consists of six ves- sels of 16,259 gross tons. The sugges- tion of the managing directors is that advantage should be taken of the pres- ent high shipping values to realize the assets of the company. As, however, there would be no opportunity for prob- ably some six or seven years of their being. able to reenter: upon. ship manage- ‘ment, the managing directors suggest that they should: be compensated by pay- ment to them out of the profit realized on a sale of the fleet of such a sum as would be equal. to five years’ remun- eration at the current rate, and they suggest that £50,000 would be a fair and proper sum. The managing directors and members of their family own very considerably more than half the shares in the com-- pany, but they prefer that the matter should, if possible, be decided outside the family vote. It was this desire that led to their issuing the circular. The fleet of the Taylor & Sanderson Steam Shipping Co., Ltd., is as follows: Gross Net Year tons. tons. built WNICKAME ME ec else ss 865 2,484 1905 Bimstade: 0 89 "396 ~©—-:1908 sO ASG COS Ga had 653 373: tae John Sanderson ...... 3,274 2,089 1889 THOME as. ey. 3,848. 2,421 gee Weallace 6120 os 3,930 2,532 1908 * ok ok YMAN, WATSON & CO., LTD, Cardiff, Wales, a well known ship- ping and coal exporting firm, have ptf chased the whole of the ordinary and prefererce shares of the London & North November, 1916 : 4 y