CO129-463 - Governor Sir Stubbs - 1920 [10-12] — Page 288

251

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sonaby die eng sube of zwonod stit ever ow

do lie te Icrdnco JaelaIevou Telu „zigniTd edt

day to oreli dotriz elt bolsinä sii

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C ning seeds bre‚«civros Isitəqri

.ied_ned? 10 znoɑ

to momo art yf badoımdeni one sk

,"dosqrpedo","surfoerafs^"

and "Joins y" bue,"blaitaitac0","izvoqea-l

Isino lot

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nay İz¬[reitung uns yllmansy steersdri

77

mend senyoriq Jrarmarn" and dożche

ad yon gyar zranzo erin

new doi♫ ncitemolni stj

TAMARIN3 Paros varðir 2 sifa de umideer end de projet593 de Mary Lamnbrž vagn verð mesta „Jarl dotek (3.3 arit

et 1 me? quit omend you of uboyong arimuoy old of -\S to aasdore as te

TO.

can be substantiated by the owners' books, which books the ownere are prepared to produce for inspection to the Government at any time.

We enclose herewith working accounts of the steam- shipe Telemachus", "Pheumpenh", "Haimun", "Brisbane", "Wollowre", "Kanapouri", "Castlefield", and "Patriot",

From a perusel of such working accounts it will be seen that when the remuneration proposed to be paid by the Government is placed against the working expentes, the result is a very substantial monthly loss in each individual case.

Unless the Government are prepared to very substan- tially increase the remuneration, bankruptcy or liquidation will be the inevitable outcome.

From a perusal of the working accounts, the result appears to be as falows:-

H

H

8.8. "Telemachus* e monthly loss of 3,211.65 S.S. "Pheumpenh"

S.S. "Haimuın"

S.S. "Brisbane"

S.S. "Wollowra"

1

M

84,745.73

M

$2,849.69

#

.

$ 997.00

.

S.S. "Menapouri*

A

M

$ 948.00

AMINT NË STango and to ssoivisa sit

.JASMITISVOD

S.S. "Castlefield" "

8.S. "Patriot"

£ 595.78

m? not tog diply asces, ko jam tad to querors to stay dinitrag den and no PC bas,soivien misdeed

de noites wit

$4,295.50

to 1:

-

cart au tomdani ɔremwo ent

Sanajang = 'dmonas you get paire de 97lommerd dezmore sanitasm „besrucnik Fr Sexsbianno y[Intenso deem ummad over

art della mak-ianca enð od como sveď aratro si

Larswo and oë mond vred a mi d Innor dem jut ataupahent

sbam gire si te domain al zeď aranzo add to dosā

+

175 asanagas maliiton sucireng als no besef „drvonne snizTow & Juo

ylko atamixorgos guardia -ati Isufivilni dose baeis ein

1

aidarwon

„Į16J9159ā Lainolo) a."

37001

a very substantiel loss in view of the requisition of the s.8. Vollowrs.

The owners desire us to represent as strongly as

possible to His Excellency the Governor, the vital necessity of

propounding a new scheme whereby a very much higher remuneration

is allocated to the omers, and desire us to point out that it

is most inequitable that the shipping trade of this Colony

should be selected as the only industry to be taxed, It is well

known and has often been pronounced by His Excellency the

Governor that the shipping at Hongkong is the life blood of the Colony, that without shipping this Colony cannot exist.

The owners feel certain that His Excellency will appreciate the extraordinary competition which British shipping