Formosa

Cover Formosa
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Wood, earthenware, bricks, tiles, etc., from Amoy, pay as low as 5 candareens per picul. Export cargo to Amoy pays about 1 mace per picul ; to Swatow, 2 to 3 mace. The capital represented by the merchandise imported annually is about $720,000 ; the export cargo is valued at $1,000,000. On an average, each junk is of about 1,000 piculs burden. The cost of construction may be estimated at Tls. 2,000.
Owing to the scarcity of wood and the high price of labour here, the vessels are built on the mai
...nland, where the owners dwell.
Generally speaking, the cargo carried is the property of the junk-owner, but sometimes FORMOSA. 13s freight is engaged by other merchants. Not nnfrequently there are four of fire shareholders in one ship. A certificate or ship's paper is issued to these vessels, stating the name of the owner, originaf port, namber of crew, number of firearms on board, number of masts, and the carrying capacity in piouls. There is no form of Native insurance in Formosa. Cargoes are never insured ; so that shipwreck entails loss of value of vessel and cargo.


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