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Show MM ASKS FOR BIG SIIIPJUBII BILL IB PRESENTED IN BOTH MOUSE AND SENATE WITH CHIEF'S ENDORSEMENT President 'Submits Special "Menage Urging Favorable Action Upon Measure To Promote Trade With Foreign Counties Washington. A Bhlp subsidy estl-mated estl-mated ut approximately $32,000,000 nn-nually, nn-nually, to bo provided for principally by tho -dlvorson of 10 per cent of the nation's customs receipts, would be paid to the owners of American ships engaged In foreign trade under a bill introduced Tuesdny In tho sonnto and house. The measure Incorporates a subsidy plan proposed by the Shipping bourd and Indorsed by President Harding Hard-ing In n mossago read to a Joint session. ses-sion. Introduced In the senate by'Clmlr-man by'Clmlr-man Jones of the commerce committee and In the house by Ctialrmnn Oreeno of tho merchant mnrlno committee, the bill set forth that the purposo of ifhe illroct subsidy provision Is to "nld tho development and maintenance of the American merchant mnrlne, to promote tho growth of tho foreign commerce of the United States and to contribute to the national defense." Other provisions of the bill would authorise the creation of n ''construction ''construc-tion loan fund." to be administered by the shipping board and derived from tho sale of Its vessels In addition to operating revenues; require that not more than M per cont of the number of aliens udinlsslblo to this country In any one year be transported In foreign bottoms. Authorise the payment of an additional addi-tional month's pay nnnuully to officers and men of the merchant marine who slmll enlist In "tho merchant marine navnl reserve," which the bill would uitabllsh as a component port of any reserve force of the Unltod States nry. Hy amendment of section S of the merchant tnatlne act of IBM tho ship-ping ship-ping Iwnrd would be authorized and dl. rectal to sell Its ship "as son ns practicable and consistent with good huslness methods" to cltlzeus of the United States. ,,,,, The base sulwldy rate provided for all vessels, either sailing or of 100 Kros tons or mire. regardless of speed. ". one.lmlf of 1 per cent per rross Midi ton per hundred nautical miles SWed.- All power driven , wjrt. between that tonnage nnd 1500 tons S, would receive the rate applying f, the latter displacement. For vesso Is capable uf -peed of thirteen knots or more additional allowances would Z pn.vl.led ranging from two-tentl. of cent to 2 MO cents for vessels with a speed f tvven.y.three knots or more. |