Manual of Ship Subsidies

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[EK] Such aid hasbeen granted to several steamship lines. In 1910 the Swedish Governmentgranted a loan equivalent to half a million dollars American moneytoward the capital of a new line between Swedish ports and New York, Philadelphia, and Baltimore. [EL] Shipping is exempt from taxation inboth countries. [EM] The Swedish tonnage in 1910 stood at a total of 1472vessels of 918, 079 tons. [EN] * * * * * In Norway the laws put no restriction upon shipowners as to purchase inany market. Most of he...r steam tonnage is foreign-bought, and largelysecond-hand. Her merchant fleet, however, consists for the greater part, of wooden sailing-ships, and these are mostly of domestic build. [EM]Besides the mail subsidies the Government grant "trade" subsidies tosome forty Norwegian steamship companies to enable them to maintainroutes to various foreign ports. These subsidies amount to about half amillion dollars annually. [EO] In 1910 Norway stood in tonnage fourthamong European maritime countries: her total tonnage being 2, 014, 533tons.

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