Book Description

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ...mail contract. To other Austrian vessels it grants either a trade bounty or a navigation bounty. The trade bounty is granted to all vessels making long voyages if at least two-thirds is owned by Austrian subjects and the vessel is not more than fifteen years old and is classed A1, or A2 in the Austro-Hungarian Veritas. The bounty is fixed for the first year after launching, at the following rates per ton: (1) for steamers of iron or steel, 6 florins ($2.43); for sailing vessels of iron or steel, 4.50 fl. ($1.83); (3) for wooden or composite sailing ships, 3 fl. ($1.22). The rate is reduced five per cent every year after the first until the end of the fifteenth year when all payments cease. The trade bounty is increased ten per cent for vessels of iron or steel constructed after January 1, 1894 in domestic yards, and if at least one-half of the material used is of domestic origin, the subsidy is increased twenty-five per cent. All vessels more than fifteen years old, .entered July 1, 1893 on the register for foreign trade or long coastwise voyages, shall receive for five years from January 1, 1894, an amortization payment of one florin ($.0406) per annum per net ton, if it be classed at least B2. Vessels engaged in short coastwise voyages are given a navigation bounty of 5 kreutzers ( 2 cents) per net ton of capacity for every 100 nautical miles sailed. Vessels lying idle for more than six months shall not receive subsidy or amortization fee during that time. The exemption from the production and income taxes was extended for a term of five years after January 1, 1894. Vessels under government contract, and vessels belonging to an industrial establishment and used by them exclusively to transport material for their own consumption were made..