Vessel Construction Returns.

Progress, Volume II, Issue 4, 1 February 1907, Page 138

Vessel Construction Returns.

According to returns compiled bj, Llo} d b Register there were, excluding warships, 512 vessels of 1,264,767 tons gross under construction in the United Kingdom on September 30th of last year, as compared with 569 vessels of 1,409,456 tons gross on June 30th, 547 vessels of 1,401,882 tons gross on March 31st 515 vessels of 1,355 756

The examination in bankruptcy of a Wolverhampton builder recently revealed a state of simplicity on the part of the debtor which one would hardly expect to find in a business man In the course of his evidence he stated that he replied to an advertisement of a Birmingham loan society In reply to his letter, a representative of the society came over to Wolverhampton to see him. In the course of the interview the loan society's representative advised him to give a bill of sale on his household furniture and trade effects. He said the\ could arrange the loan cheaper that way, and he could pay it back as he liked. He (debtor) then went over to the office of the loan society's solicitor in Birmingham, and there signed an agreement for a loan of £35 The agreement was not read over to him, neither did he read it himself. He understood that the loan of was at five per cent, per annum interest, but he had since learned that it was five per cent per month. If there were many such simple souls in business there would