With a further aggravation of the serious situation in the north, war risk insurance rates on coastal vessels and cargo from Shanghai to Tientsin are to be doubled to-day. The new rate is ten cents per cent, or ten cents for every one hundred dollars.
Prior to the issue of the new rates by the Shanghai Marine Underwriters' Association, the local rate was 2% cents per cent. This was recently doubled in view of the tension in the Far East. The present new rate is therefore four times of the ordinary one.
Seven Chinese, Japanese and British shipping firms have also decided fo impose a special emergency surcharge on all cargo shipped from Shanghai to Tientsin beginning August 1
Text read from the printed page and cleaned; old type leaves the occasional error.