Despatch by. Mr. Cunningham to Department of Commerce: No Government Subsidies The following is taken from the atest issue to hand if "The Nautical Gazette" (New York):—Three concerns control the large main dockyards and shipbuilding works in Shanghai—the. Shanghai Dock & Engineering Ca. (Ld.), the! New Engineering, & Shipbuilding Works (La,), and the Kiangnan Dock & Engineering Works, the Jast being not an incorporated firm but a Chinese Government enter-Prise doing both Gove and private work, says a Consul General Edwin S. Cunningham, Shanghai, to the Department, of Commerce. These three concerns are equipped to handle ships of the usual dimensions of seagoing craft. The Sino French Company, the Societe Franco-Chinese de ' Constructions Métalliques et Méchaniques, may be' classified as the fourth of the more important shipbuilding firms in Shanghai. A number of companies are engaged in the smaller lines of this work, chief among them being the Jardine Eng-Sneering Corporation (Ld.) which] specializes in boats. for rivers and inland waterways. With few exceptions, these latter companies do pot build or repair ships of large In normal. times, however, they have a considerable turnover of building snd repairing to such craft as are used on the inland waterways, "The Old Dock"
"The Shanghai Dock and Engineering Ca., the largest shipbuilding company in Shanghai, has four docks and three shipyards and slipways. It i a British company. with a capital of Tls. 4,177,600 (approximately G. $3,268,000), and ment.
Yeceives no aid from' the governs
No fixed charge or scale of charges for dry-docking has evoe been put into force. It is the practice of the company to state in its estimates whether the use of the yard is to be for 24 or 48 hours, There are no special charges for preparing the dock unless the ves-is of a type requiring unusual arrangement of the blocks or other alterations.
New Engineering The New Engineering & Shipbuilding Works (Ld.) was established in 1900 under a charter from! the Hongkong Government. now has a capital of Tls. 2,650,000 (G. $1,989,000). The earnings of the company during 1924 amounted to 15 cent of the ordinary shares, in addition to the 8 per cent. on the preference issue.
The dockyard is equipped to build steamers up to 3,000 dead-weight tons. The space available for shipbuilding extends about 500 feet in-from the shors line. The works include, besides the original property of the company, another known as the "Vulcan," named after the Va'ean Teonworks, which were taken over in 1915, This company eas an established rate card, which has been in use fern number of years. It has been the' practice in thie past to give dis-but continued increase in of materials and labour has yaade the continuation of this policy impracticable. The concern is entirely of private ownership a1 management and receives no ai from any Government, except in the shape of payment' for work one.
Text read from the printed page and cleaned; old type leaves the occasional error.