IN1 PORT.

Grey River Argus, 12 April 1911, Page 3

IN 1 PORT.

Poherua. Kaitoa. Waimea. Ennerdale. Annie Hill. Kamona. ; A heavy sea was breaking on the bar yesterday and in consequence the Arahura with other vessels outside were unable (to enter. The Waimea arrived on Monday night and sails this morning for Wellington direct. The Kaitoa sails this morning for Nelson direct. 'The Kennedy is due this morning from Wellington via way ports and sails later for Westport and Foxton. A cable from New York says that the Prinzes s Irene has been safely docked. *Ah examination shows but Bmall evidence of her recent accident. Norway easily leads the way as a competitor, among foreigners for the ! purchase of British vessels. In 1910 *lie acquired tonnage an this ,way to the extent of 126,547 tons, Being an increase of 59,636 tons in the ton nage which she bought from Great Britain during: • the previous year. Italy is second on the list with & total of 77,027 tons for last year; whilst Germany follows with an aggregate of 64,867 tons. Altogether, nineteen different nations became pur chasers of ships from Britain during the past year, America being) lowest on the list, with a total of only 2577 tons. The Hamburg-American Line's dividend for 1910 will be at the rate of 8 per cent as against 6 per cent for 1909. The gross profit for the year was £2,000,000, compared with £1,650,000 in the previous year. In addition to the usual amount placed to the depreciation account, an extra iSOO.OOO has : been added for freig-ht steamers, and a much larger amount than usual transferred to the building account. i£50,000 has been added to the fund which was in augfurated last year to meet any extraordinary competition wheh may arise. Cash at the bank at the. end of 1910 was £2,475,000, as against at the end of 1909: