Show HARDINS FOR BIG SHIP BILL IS PRESENTED IN BOTH HOUSE AND SENATE WITH CHIEFS endorsement president submits special message urging favorable action upon measure to promote trade with foreign counties washington A ship subsidy estimated at approximately tin nn to be provided for principally by the dimerson dl di verson Terson ot of 10 per cent of the nations customs receipts would be paid to the owners ot of american ships engaged in foreign trade under a bill introduced tuesday in the senate and house the measure incorporates a subsidy plan proposed by the shipping briard and indorsed endorsed Indor sed by president ilard ing in a message read to a joint session introduced in the senate by chairman jones of the commerce committee and in the housely hou seby chairman greene of the merchant marine committee the hill bill set forth that the purpose of the direct subsidy provision is to aid the development and maintenance of the american merchant marine to promote the growth of the foreign commerce or of the united states and to contribute to the national defense other provisions of the bill would authorize the creation of a construction loan fund to be administered by the shipping board and derived from the sale of its vessels in addition to operating revenues require that not alone moi e than 54 TO per cent of the number dumber of aliens admissible to tills this country in any one year be transported in foreign bot bottoms authorize the payment of an additional months pay annually to officers and men cd the merchant marine who ullo shall enlist in tile merchant marine naval reserve which the bill would establish as a component part of any reserve force of the united states navy uy by amendment of section 5 of the merchant marine act of 1920 1921 the shipping bord board would bo be authorized and directed to sell it its ships ship as scion fig as practicable and with good bushness bu aness methods to citizens of the lie united states the base subsidy rate prodded pro oded for all vessels sels either sailing galling or 0 of 1500 gross tons or alre re i regardless leg eg ardless of 0 speed la Is one halt half of I 1 per cent per ship ton toll per hundred nautical traveled all power driven vessels beti between een that tonnage and 1500 tom gross gros would receive the alie rate applying to tile the latter displacement for desoi 1 cat capable able a spied of thirteen kt knot or more additional alloa allowances ince would lie be provided raising front from two tenths of 1 cent to 2 1 10 cents for acs vessels els with a speed of three knots or more |