Page 8 Advertisements Column 2

Dominion, Volume 9, Issue 2759, 1 May 1916, Page 8

STEAMER WRECKED. . Messrs. W. Holyman ond Sons' steamer l'oroa, 388 tons, Captain P. 11. Oartwright, of IxiuncesJ:on, Tasmania, ran on a reef at Rabbit Island, close to Ernita. Flinders Island, on-. April 13, and is a total wrcck, states an exchange. Her crew of 16 ond' eight passcugcrs were landed at Settlement Point, Flinders. The Toroa, at the present priccs of ships, was valued at £23,000. She wis insured with the Maritime Company for only £6000. She was an iron vessel, built in England in 1899, and was latterly engaged in the Launoeston and West Coast and Straits'lsland trade. She was employed to take coal and stores to Macquarie Island for the Mawson Erpedition four years ago.

FORTUNES IN SHIPPING. A striking illustration of fortunes bein® made in the shipping world of America ivue afforded at San Francisco, when the American steamer Macinaw was sold there by George and James Flood,' of San Francisco, to a Japanese lira for 300,000 dollars The Flood Bros, purchased the . steamer from tiie Robert Dollar Company, of Vancouver, eight months ago for ICO.OCO dollars. They made a profit of 200,005 dollars on the Kilo of the vessel, besides another 50,000 dollars which they, cleared on voyages to Australia and Yladlvostock. • It is expected that the collier Pjirth, now discharging a.t Miramar. will get away for the West Coast on Wednesday. She will, it is understood, take, in a load of timber there for Melbourne. From New Plymouth, with a full cargo, the Coriuna is expected hero to-morrow, I Bh« will leave probf-tily. on Weducaday lot .DjujwUhi - ; ' .