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Show 32 MILLIONS FOR SUBSIDY That Is Annual Amount Wanted to Encourage Merchant Marine WASHIKGON. Feb. 2S. A ship ' subsidy estimated at approximately 000. 000 annually to be prov id-ed ; fr principally by the diversion of i 0 per rent of the nation's customs receipts, would be paid 'o the ,,wn-i ,,wn-i ers of American ships engaged I i foreign, trade under u bill Introduced I today in the senate and house. 1 h measure Incorporates a subsidy plan proposed by the shipping '.oard and . ndorsed by President Itardlig In a message read today to a Joint session. ses-sion. Introduced in the jenate bv Chairman Chair-man Jones of th- . ommerce connnlt-Lee connnlt-Lee and In the house by Chairman r.recnc of the merchant marine com-1 mitte- th. I1I1 sets forth that the1 purpose- of the direct subsidy provl-i .-ion Is to "aid the development and, maintenance of the American r or-1 . h :it marine, to promote the growth of the foreign commeree of the United States and to contribute to thoj natlonnl defense." t t INSTB i I Mi N IO n m. Other provisions of tho bill would! ..nthorlzo the creation of a ''construe-tii ''construe-tii a loan fund" to be administered by the shipping board and derived from the sale of Its vessels In addition addi-tion to operating revenues; require that not more than 50 per cent of the number of aliens admissible to this I country In any one year be transport- j .-.1 in foreign bottoms: authorise the payment of an admiral month's paj annually to officers and men of th-merchant th-merchant marine who shall emllst In tho merchant marine naval reserve" which the bill would establish as a somponent part of any reserve forco Of the United States navy. By amendment of section flvs rf the merchant marine aet of if..'0 th. Shipping board would bo authorized and directed to sell its ships "as soon' oi practicable and consistent with! good business methods" to citizens of the Cnlted States. i; wi R r i si i i ORTfr The base subsidy rate provided fori all vessels either sailing or of 1500 1 gross tons or more, regardless of speed "Is one-hall of one per cent per gross ship ton per hundred nautical miles traveled.' All power driven! vessels between that tonnage and 5 000 tons gross would receive tne r.,te applying to tho latter displacement. displace-ment. For vessels capable of a spc. .1 or 14 knots or more additional al-' lowances would be provided, ranging j from two-tenths of ono cent to two' and one-tenth cents for vessels with a speed of 23 knots or more. Tht shipping board would be nu- thorized to increase these rates up to double their amount whenever It shall determine that, the base rato Is lnsuf-j flclent to Induco the operation of linos, where the establishment and1 maintenance of service is considered I necessary to 'promote the nation's i welfa re." COl liD REDUCE RATES. Similarly It w ould be permitted to reduce to base rate under special clr-QU clr-QU instances where it wna considered desirable. Trade between the United States' and the Philippines and the Virgin I Islands Is defined for the purpose of the bill as foreign trade The defl- nitlon of such trade excludes that I on the great lakes as well as trade between porta In tho United State.s and ports in foreign countries wheio the distance between the vessel's last port of call In the one and the vee-sel's vee-sel's first port of call In the other Is less than 150 miles." Tho bill provides that where net operating income derived by an owner own-er from vessels receiving the subsidy exceeds 10 per cent In any fiscal year. 50 per cont of such sx ass shall be paid to the shipping board to placed In the merchant i.i.uine fun,; from which the subsiely would be paid, although It Is stipulated that this shall not exceed the total amount of compensation received under the proposed law. In addition to the 10 per cent diversion diver-sion of customs received to create this fund, the bill provides that it shall be derived from port tonnago duties, taxes or fees, which would be doubled under the bill, and also the amount that would otherwise be pay-nble pay-nble by the postofflce department for the transportation of malls. nn. |