Ship Subsidy Trust
Ship Subsidy Trust
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In our eReader you can find the full English version of the book. Read Ship Subsidy Trust Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Ship Subsidy Trust
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The aggregate value of the new vessels and repair work within the twelvemonth has never had a parallel in any single yard in the history of American ship-building. . . .
VIII. CONSTANT DISCRIMINATION AGAINST PUBLIC INTERESTS.
The Secretary of the Treasury is to contract to pay subsidy for twenty years or more; and there is no condition under which the government can commute, much less get released. As to the vessel builders, however, it is provided: "But, if it shall happen that any such new ve...ssels shall, without any fault or want of diligence on the part of the owners, fail to be built and registered as required, . . . The Secretary of the Treasury shall extend the time [for build- ing] for such period or periods as shall seem to him to be just. " Under Section 5, government is to pay subsidy as per speed test (this on the corresponding assumption that fast costs more than slow steaming). But, under this bill, this same ship, in earning high-speed subsidy, can actually sail at the lowest speed that its owner finds most economical.
What to read after Ship Subsidy Trust?
You can find similar books in the "Read Also" column, or choose other free books by John Dewitt Warner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The aggregate value of the new vessels and repair work within the twelvemonth has never had a parallel in any single yard in the history of American ship-building. . . .
VIII. CONSTANT DISCRIMINATION AGAINST PUBLIC INTERESTS.
The Secretary of the Treasury is to contract to pay subsidy for twenty years or more; and there is no condition under which the government can commute, much less get released. As to the vessel builders, however, it is provided: "But, if it shall happen that any such new ve...ssels shall, without any fault or want of diligence on the part of the owners, fail to be built and registered as required, . . . The Secretary of the Treasury shall extend the time [for build- ing] for such period or periods as shall seem to him to be just. " Under Section 5, government is to pay subsidy as per speed test (this on the corresponding assumption that fast costs more than slow steaming). But, under this bill, this same ship, in earning high-speed subsidy, can actually sail at the lowest speed that its owner finds most economical.
What to read after Ship Subsidy Trust?
You can find similar books in the "Read Also" column, or choose other free books by John Dewitt Warner to read onlineMoreLess
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