BIG SHIPPING RISK.

Dominion, Volume 2, Issue 604, 6 September 1909, Page 7

BIG SHIPPING RISK.

'■ Q^%BIIS/, N '! [By. Tolc^raplj.-l'Mss^.Ajsoclatlqii.^OoDrrlllig; '..';''■ '.'. •;.-.■ .. iVlelbourne, SepfcerAbor'4.; . .'.' Regarding fhe 'Liverpool. and London Steamship Protection '■ Association's.: refiieing' renewals to. . Australian. and New Zealand S.team.ship Companies, , the.'secretary ;pf .the Ste'amsbip. Owners' Associatioit: states .that tho Australian tonnage excluded , , from -the i-benefits-.of tho association is approximately. I 390,000 tons, so that, tho liability tjraEsferred, to. arid Npw- Zealand sWpo.iyner.3 is- £3,507,000. '■•■ ' .;-'■; Uv:;/:.: , This risk of, such magnitude ig regarded with, -the' grayest, concern., by all interested. Unfortunately, the tonnage owned 'in, Australia .'and New Zealand is too limited ;tp warrant the .formation, of similar .clubs, hero. Ihei decision.' h,as placed; members of, the, as-. Bcciation in. • an' extremely seiio.us. pooi>iou, ajid tho : whole, matter-'wiH'.hayo. '.to- become; tto! subject' of the .'most careful consideration. '"-•.' . •-. • •>:• ' .-,; .: ■~ ■ r - FA recent cablegram stated' that. tlie. Liywpool and London Associatiqn had given, notice to the Australasian owners its mtentwn. to. r»fuse renewals of entries, as the claiins. fiorn 'Australasia were,fur in. excess q{ contrib.ntl.ons ''■'■■■ ; ' ' "■■- '" ■-" : --