Manual of Ship Subsidies: An Historical Summary of the Systems of All NationsBacon, Edwin M. (Edwin Monroe)
History
Manual of Ship Subsidies: An Historical Summary of the Systems of All Nations
Bacon, Edwin M. (Edwin Monroe)
Shipping bounties and subsidies
In 1900 (November 16) a royal decree was issued modifying the law of
1896 in several particulars. No bounty was hereafter to be allowed to
vessels built in Italian yards for foreigners. The customs drawbacks
were abrogated, and in place of them was granted a bounty of five lire
per quintal of metal used in repairs. A bounty of fifty-five lire per
gross ton was offered for iron or steel steamers showing a speed of
above fifteen knots; fifty lire, for steamers speeding twelve to fifteen
knots; forty-five lire, for steamers or sailing-ships with speed below
twelve knots; and thirteen lire per net ton for modern hulls. The
navigation subsidies per gross ton per thousand miles, were thus fixed:
for steamers, forty centimes up to the fifteenth year after
construction; for sailing-ships, twenty centimes up to the twenty-first
year after construction. The yearly distances run for which the bounties
were to be paid were limited to thirty-two thousand miles for a steamer
below twelve knots; forty thousand for one of twelve to fifteen knots;
fifty thousand above fifteen knots, and ten thousand for a sailing-ship.
All Italian ships were eligible to this bounty; foreign ships were
debarred. The maximum expenditure for all the bounties was limited to
ten million lire ($2,000,000) a year.
In 1910 (May) a new subsidy bill was enacted providing for the
continuance of the arrangement under the measure of 1900, with a few
immaterial modifications.[DT] Early in 1911 the Government was reported
to have in readiness ten bills looking to the support of domestic
shipping and shipbuilding. Eight of these had relation to the increase
of subsidy on the Italian mail and cargo service of the Mediterranean.
Other routes subsidized included lines to Central America, Chile,
Canada. Domestic shipbuilding was to be aided to the extent of twelve
hundred and forty thousand dollars.[DU]
Italy's mail subvention system dates from 1877, when the Italian
steamship companies by a convention (July 15) consolidated with the
Government.[DV] All the lines receiving the mail subsidy came to be
owned by a single powerful corporation, the Italian General Navigation
Company. While the rates paid per mile are not so high as those paid by
several other countries, the requirements as to size of vessels, speed,
and amount of service to be rendered, are less exacting. Accordingly
these subventions are in fact, as Professor Meeker recognizes them,
"partly in the nature of concealed bounties." In 1879 the Government
spent in these subventions a total equalling $1,593,214. By 1889 the
total had only slightly increased, the amount that year being
$1,849,392. In 1908 the total was $2,328,917. The mail steamships are
required to carry government civil and military employees at half price.
Public-domain text, read in full here on John Shaqi.
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