The Log Book

Sun (Auckland), Volume I, Issue 261, 25 January 1928, Page 2

The Log Book

TOFUA SAILS SATURDAY. The Union Company advises that the Island passenger steamer Tofua leaves Auckland at 11 a.m. next Saturday for Fiji, Tonga and Samoa. MELBOURNE SERVICE. —The local office of the Union Company have been advised that the passenger steamer iianuka leaves Wellington at 4 o’clock this afternoon for Lyttelton, Dunedin, Bluff and Melbourne. SURREY SAILING.—This afternoon the Federal steamer Surrey is expected to leave Wellington for London, Avonmouth, Glasgow -and Liverpol, via Panama. OIL FOR NEW ZEALAND. The Anglo-Saxon Petroleum Company’s steamer Radix is reported to have sailed from Balikpapan on January lili with oil for New' Zealand. She is a vessel of 6,852 tons, and lieu former name was the Linerton. WAIHEMO LEAVES WESTPORT. The Union Company advise that the cargo steamer Waihemo left Westport at noon yesterday for Auckland, where she is due on Friday morning. The vessel is to dock here for cleaning and painting, after which she will proceed to the Pacific Coast to load for New Zealand. SYDNEY STEAMERS. —The Ulimaroa leaves Auckland at. 11 a.m. on Friday for Sydney and the Manama and the Maunganui sail from Sydney at 3 p.m. the same day for Auckland and Wellington respectively. All the three vessels are due at their arrival ports next Tuesday. PULPIT POINT SAILED. Shortly after noon to-day, the Vacuum Oil Company’s tanker Pulpit Point sailed from Auckland for Melbourne via Wellington to discharge the remainder of her cargo of bulk oil from San Francisco. She has put out 3,200 tons at Western Wharf. HUIA AT MELBOURNE. From Auckland and, Hokianga, via Greymouth, the Nobel auxiliary schooner Huia reached Melbourne yesterday. After unloading her timber cargo she will take explosives to Queensland ports. Subsequently she will go to Grafton to load hardwood for Auckland. RONA SAILING TO-NIGHT. The local office of the Colonial Sugar Refining Company advises that it is hoped to dispatch the sugar steamer Rona from Auckland this evening for Sydney to discharge molasses. She arrived here last Thursday evening, and has put out 8,000 tons of raw sugar at Chelsea. ATHENIC POSTPONED. —L. .-D. Nathan and. Company have been advised that the departure of the White Star liner Athenic, now completing her loading at Wellington, has been postponed from daybreak on Friday until daybreak on Saturday, when she will leave Wellington for Southampton and London, via Panama. AORANGI DUE SUNDAY.—Due at Suva at 1 p.m. to-morrow from Vancouver and way ports, the Union Company advises that the R.M.M.S. Aorangi leaves there the same day for Auckland. The vessel arrives here on Sunday evening, and is announced to sail from this port, at 8 p.m. next Tuesday for Sydney. KING EDWIN FROM TEXAS. —The King Line’s new motor-ship King Edwin, is reported to have cleared Port Arthur, Texas, on January 15 for Auckland, Wellington, Napier, New Plymouth, Geelong, Adelaide and Brisbane. She is due at Auckland about February 23. The vessel was built last year at Betfast by Harland and Wolff, Limited. Her tonnage is 4,194, and her dimensions are: —Length, 400.Sft, breadth, 54.7 ft; depth, 23.6 ft. She is registered at London. EXCURSION TO RUSSELL. The Northern Steamship. Company advises that the Clansman, which leaves Auckland at 5 p.m. on Friday for Russell, leaves Mangonui at noon on Monday, via Whangaroa and Russell, on her return trip to Auckland, and is due bafck on Tuesday morning. At 5 p.m. the same day the Clansman-* sails again Ifrom Auckland for Russell and way ports and returns to Auckland the following Friday. A Long Tow. —With the Westralia in tow, the former inter-State steamer Inga left Sydney recently for Rabaul—a 2,000mile journey. She will leave the W'estralia there, to be used as a storage hulk for copra 4nd then continue to the Solomon Islands, to enter the copra trade. Both vessels were bought in Sydney recently by W. R. Carpenter and Co., Ltd., the Westralia from Huddart, Parker, Ltd., and the Inga from James Patrick and Co. The engines have been removed from the former vessel and she is now lying in Kerosene Bay. HINEMOA SAILING. At 3 o’clock this afternoon the Government steamer Hinemoa leaves Auckland for Norfolk Island. Besides mails and cargo, the following passengers are travelling by the vessel:—Mr. and Mrs. J. W. Fair lie, Aliss Fairlie, Miss M. Straker, Mrs. F. Tattle. Mr. and Mrs. Hopkins, Miss E. Gunson, Mrs. S. Long, Mr.'L. Taylor, Mr. L. Clark, Mr. J. Ryan, and Master D. Edwards. The Hinemoa is expected to return to Auckland on February 2, and should leave here on February 4 for Niue Island. Many New Ships. —Seven ID,OOO-ton steamers are to be built by the Nippon Yusen Kaisha under the company’s fiveyear term construction programme. Three of the vessels are to be freighters for operation out of either Seattle or San Francisco. Two others are to be passenger liners for service between Japan and Europe, Another will be a freighter for the Yokohama ?East Coast of South America Line and another will be a passenger and cargo steamer for the ShanghaiJapan trade. The new programme is in addition to the three motor-ships being built for the trans-Pacific service out of San Francisco. All of the vessels are to be completed by 1932.

FLAG DISCRIMINATION. —The United States postal authorities are pressing to the utmost their policy of flag discrimination in the forwarding of the mails r.o places on this side of the Atlantic, states the “Shipping World.*’ Unless letters are clearly marked to go by a particular liner, they are held back, sometimes for several days, in order that they may be dispatched by an American vessel. During the winter months, the delays are peculiarly annoying, and sometimes even expensive, and correspondents in the United States should be warned clearly to mark their correspondence for the next outgoing swift liner. The attempt of the American postal authorities to swell the mail dispatched in national ships in order to impress Congress is, of course, regarded with peculiar disfavour in -this country, where the next ship out of port gets the waiting mails whatever ther nationality. THE WORLD'S LARGEST LINERS.— Owing to the number of large ocean liners that haVe been constructed during the last few years it is interesting to compare them with regard to size and speed with the older Atlantic ••greyhounds.” An outstanding feature shown in the list is the number of Italian ships that have been built during the two years as compared with the other nations. The following list is' compiled from the latest edition of Brassey's “Naval and Shipping Annual.” 1c Name. 59,957 Leviathan (T.) .. .. 24 1914 U.S. 56,551 Majestic (T.) .. ..25 1921 Br. 52,226 Berengaria (T.) . . 23 1912 Br. 46,439 Olympic (T. and R.) 22 1911 Br. 45,647 Aquitanla (T.) .. ..23 1914 Br. 43,500 lie &e France (T.) . 23} 1926 Fr. 24,569 Paris (T.) .. .. .. 22 1921 Fr. 34.351 Homeric 20 1922 Br. 33,000 Augustus (M.) .. .. ? 1927 Ital. 33,000 Roma (T.) ? 1926 Ital. 32.354 Coltimbus 20 1922 Ger.. 30,696 Mauretania <T.) .. 25 1907 Br. 25,150 Statendam (T.) .. ? 1926 Holl. 27,132 Belgenland (T. & R.) 17} 1917 Br. 27,000 Cap Arconia 20 1927 Ger. 25,160 Empress of Scotland 17} 1905 Br. 25,000 Saturnia (M.) .. .. 19 1926 Ital. 25.000 Vulcania (M.) .. .. 19 1927 Ital. 24,563 Adriatic 18 1906 Br. 24,416 Conte Biancamano T 21 1925 Ital. 24,281 Duilio <T.) 21 1923 Ital. 24.149 Rotterdam 17 1908 Holl. 23,884 Baltic 17 1904 Br. 23,788 George Washington . IS 1908 U.S. 23,769 France (T.) 24 1912 Fr. 22.150 Alcantara (M.) .. .. 17} 1926 Br. 22,137 Asturias (M.) .. ..17} 1925 Br. (T., turbine; M., motor; T. and R. t turbines and reciprocating engines.) Note. —If measured according to. the rules adopted by British lines, the tonnage of the Leviathan would be 54,282. The Majestic, measured according to the rules adopted by the United States Shipping Board, would be 61,206 tons. GERMAN SHIPPING ACTIVITY.— Some interesting particulars are given of the position of the Norddeutcher Lloyd in the advertisement •which appeared in the American papers inviting subscriptions for 20,000,000 dollars of 20-year 6 per cent, sinking fund gold bonds at 94 per cent. It was explained that on November 1 the aggregate tonnage of the company’s 123 ocean-going vessels was 621,000 tons gross, while there are at present under construction ships of an additional 161,300 tons gross, including two de luxe liners to be called Bremen and the Europa, of 46,000 tons each, which are to be ready for service in April, 1929. It was pointed out that over half the fleet has been built within the last eight years, and that, although it is carried in the company’s balance-sheet as at June 30, 1927, at 142,620,000 marks, the additions since 1920 alone represent an expenditure of 211,322,000 marks. The new issue of 20,000,000 dollars is to be used for new construction and to repay indebtedness incurred for construction and for other corporate purposes. Part of the proceeds will be deposited at the Internationale Bank, Amsterdam, to be released by it only for the repayment of certain indebtedness maturring serially to 1934, secured by a portion of the company's fleet, the payment of which indebtedness the company has no right to anticipate. Upon completion of the present financing, including repayment of the above loan, the company's total funded and floating debt, including the present issue, will amount to only’ 25,000,000 dollars, which includes a debt of 2 3,013,000 marks (3,100,000 dollars) to the German Government, atJow rates of interest, secured by real estate and by seven small ships aggregating 28.500 tons, and certain purchase money mortgages, which cannot be repaid before maturity, amounting to 2,112,000 dollars on ships aggregating 80,000 tons. The net earnings of the company, before taxes and depreciation, but after provision for payments under the Dawes plan, available for interest, for the year ending December 31 last, were 5,564,000 dollars, and such earnings for the six months ending June 30, 1927, were 4.132,000 dollars, as compared with 2,734,000 dollars - for the corresponding period of 1926. As showing how the company's gross income ha* grown, it is stated that in 1925 it was 29.300,000 dollars, in 1926 it was over 33,006,000 dollars, while in the first nine months of 1927 it rose to approximately 34,500,000 dollars and that the net income shows a similar favourable increase. It is pointed out that, of the company's gross revenues for 1926, approximately 10,000.000 dollars was received in United States curreppy and more than £4,000,000 in sterling, “thus automatically providing ample foreign exchange for the company’s foreign commitments.” It is interesting to note that the principal and .interest will be paid “without deduction for any German taxes, present or future, in time of war as well as in time of peace, and whether the holder be a citizen or a resident of a friendly of a hostile State.” The company’s financial position Is so satisfactory that the bonds must be considered a thoroughly safe investment.

,M AL h ER ' C K REPt "'TED ’ Ltd., ha\e been auvic.-s V the tramp s-uamer H&l.iS c»C. I from Java to Auckland £££■ «a passed Cap. Jloreton r*w 1 vessel is expected to 1 the coming week-end. * 4*s* % WITHIN WIRELESS RAHr. E be within range of I Auckland—T maroa n * S tapu. H.M.S. I'ioniede h J l ?’. I ' estvard. Manchester Mer~h.P <a *' t k B hemo. Kanna. Pulpit Point *7. R Kaitanjrata. Rona. AoraSri. B , ?*«»•«. 1 kaponga. v Chatham Islands—Matakana v , 8 I ort Sydney. Cambridge. ’ i Wellington—Maori. Wahine, N„,„ hum. Tamahiue, Niagara, 0"’ B Mam(lius Umb ’ r,and - ManUk ». I ■Awarua—Sir J. e. Ross. c. \ , N. T. Xilsen Alonso, l\.r- /*vT* r ** r - 9 •Puua, Ruahine. Canadian f PORT OF ONEHUNGA—ARRIVALS YESTERDaV WETERE (3.30 p.m.), from Waitara lon *> DEPARTURES YESTERDAY ARAPAWA (2 p.m ), 251 tons. Rolvir son. for Hanganui. B HAUTLRU t 4 p.m.), 270 tons v, w for Raglan and Kawhia. ’ | ARRIVAL TO-DAY XGAPUHI (7.30 a.m.), 703 tons Rafrom New Plymouth. | : The Xgapuhi, which arrived at llr 1 liunga this morning from New puL 1 is scheduled to sail at four ! morrow afternoon for the same urt'*' ft The Anchor steamer Kaitoa arm« - 1 Onehunga to-morrow from the SauuL u I load for Nelson and West Coast H The Arapawa sailed from Onehunr* ~ 9 two o’clock yesterday afternoon £ Wanganui. She is due back on SaturUaT morning. The Hauturu sailed at four o’clock yesterday afternoon for Raglan, Kawta* and Port Waikato. She is due w at six o’clock on Friday morning.