SHIPPING.

Press, Volume LIII, Issue 15872, 11 April 1917, Page 9

SHIPPING.

PORT OF LYTTELTON.

ARRIVED—ApriI 10. . Muori, e.s. (G. 45 a.m.), 3112 tons. Manning, from Wellington. Pa/sengerc—lsß saloon and steerage. Union Steam Ship Company of New Zealand, Ltd., ugente. Woofcton, s*. (11 a-m.), 150 tons, Lareen, from Picton. A. Rhind and Co, agents. SAILED—ApriI 10. Maori, «a (8.30 p.m.), 3412 tons, Manning, for "Wellington. Union Steam' Ship Company of New Zealand, Ltd., agents. Opouxi, g.s. pjn.)» 571 tons, Cox, for Gieymouth. Reese Bros., agente, F. E. Sutton and Co., port agents. SHIPPING NOTES. The Waku.iii is expected to arrive aj Lyttelton to-night, .and ia timed to leave for Kaikoura to-morrow night. A new boiler has been shipped from Home far the Gis borne dredge John Townley. There will be two ferry steamers leaving this port for Wellington on Saturday, the Maori and the Tarawera. > .. TJie Storm ia due from the South to-day, and is timed to sail this evening for Won garni i direct. •' The Breezo is expected to leave Lyiteiton to-morrow for Picton and Wangtmui. The Cygnet omitted her customivry trip to Akaxoa oa Monday, in order to run excursion tripa to tho harbour xeaorta. Woathcir permiiting, ehe will eail to-night for Kaikoura. SHIPPING TELEGRAMS. DUNEDIN, April 10. " Sailed, Monowai, 5.5 p.m., for Auckland. IPaeßen-gera for Lytteltcm—Misses Ferguson (2) ami Wilson, Meedamea Neliae QJid Cowley. TRADE FROM CANADA. It is reported that trade between New Zealand and Canada, in which steel manufactures form an important item, i» at present hampered by the fact that the Canadian ironworks have lately bocn giving their chief attention to the manufacture of munitions. Another restriction upon Canadian trade with New Zealand of late has been that the railway from Monrtroal to St. -Jolm, which ia the chief port of lading to Australia and New Zealand, is fully occupied with the carriage of munitions consigned to Britain and Franca, owing to the closing of the St. Lawrence river to maritime traffic during the winter months. NEW SHIP DECREE BY FRANCE. France's hold on her economic resources is tightened in a new Government decree requiring vceeels of other than French or British register to declare their cargoes with the French Under-Secretary of Transport nation before loading or unloading l at French ports. Cargoes of foreign vessels will bo requisitioned if they fail to observe tho order. Tho new measure, a« interpreted in. Washington, is to prevent wjrato of cargo space by transportation to Franco of anything but ncceeeitics and is to keep within the country articlee the Government considers indispensable to the nation's economic life. ANOTHER AID TO GERMAN SHIPPING. The establishment of a ship mortgage bank at Hamburg appears to be the latest project far assisting German shipping and shipbuilding industries. Hitherto the larger shipping companies, when in need of extra resources, have made us© of the general money market by the iesue of debentures, but tl» smaller firms have only had limited opportunities of obtaining, financial accommodation. With a mortgage bank, it- is contended, -hey will bo able lo find the help they require in adding to tonnage, and thus extending the Gorman mercantile marine after tho war, which the Press in general declares to bo an "urgent necessity." It may be remembered that before the war suggestions for the establishment of ship mortgage banks were viewed with much disfavour in Hamburg and other Elirpping ceiltr€£>.'"'*• SHIPPING SITUATION IN GERMANY. An English paper 6ay« that a petition has been presented in the Diet of Oldenburg, urging the Government to found a aliippm? mortgage office, or to giro assistance to private enterprise, with a view of creating 6uch an institution. It is pointed out that the mortgage creditors of akipovniera in Germany are foreign companies, rr.ostlv Dutch, and in -this way much bu?ir.ccs is" drawn cut of the country. It is still very difficult to form, any judgment concerning the shipping situation in Germany," continues th-s journal. "After tii-V scries of optimistic statement., reported in earlier letters, there now comes a very gloomy -article in one of the "leading Hamburg papers. It is pointed out that the losses of German companies during the war through enforced inaction will need very many years of excellent trade to make good, and that' wie stories of competition for German freight after ths war and bigh freights are seldom heard in tho mouths of those who tSve experience in the shipping industry. It i« tru?, 6ays this writer, that there will be a seen aemanfi immediately after the conclusion of pence; but freight space lias an unexpected power of elasticity, and the construction of mercantile toniuge is carried otit fri a epeed Gtirprising to the layman. And btsides this, ho confesses, the destruction of enemy tonnage is such a small proportion of the whole as to have very little effect when once pe-ace conditions are reatored." A DANGEROUS ROCK. Csptain Bollone, of the New Zealand Government steamer Hinemoft. rcporte that a dangerous rock exists four cables seaward of the passage betwoeu Heri-bcritauru Point and the small islet r.oxt to that noint. This is called Wigmore'a Passage. The rock has Sft or water over it a: low_water._ It is aboi»t st»ft east and vresl and'4oft r.oH.h and couth, with an irregular surface, and is not marked by kelp. The' rock lies tair i.i the middle of the approach to Wigm ore's Passage from seaward, and haa twelve fa*, home of water xound it.