. Canadian Shipping and Marine Engineering January-December 1916. s wars. It only possible to geta few sets of figures, which will furnisha relative standard for comparison withpresent circumstances. It is on recordthat American privateers had capturednearly 1,000 British merchant ships of atotal value of about two million poand*. MARINE ENGINEERING OF CANADA between July, 1776, and the end of 1778;it is probable, however, that in regard tothe balance of shipping the losses of theAmericans were even greater in extentthan the figures given. In contrast withthis record may be placed the perform-
. Canadian Shipping and Marine Engineering January-December 1916. s wars. It only possible to geta few sets of figures, which will furnisha relative standard for comparison withpresent circumstances. It is on recordthat American privateers had capturednearly 1,000 British merchant ships of atotal value of about two million poand*. MARINE ENGINEERING OF CANADA between July, 1776, and the end of 1778;it is probable, however, that in regard tothe balance of shipping the losses of theAmericans were even greater in extentthan the figures given. In contrast withthis record may be placed the perform-ance of one cruiser, the famous Emden,which, working on the main trade routesto China and Australia, sank 17 vessels, mission on Food Supply in Time of Warestimated in 1905. from sorueAvhatmeagre data, that the premiums for warrisks should be taken at 5 per cent, onship values and 1 per cent, on propertyvalues. This rate was fixed by the Stateunder the war risks scheme for the pres-ent war, 80 per cent, of the losses beingborne by the Country and the balance by. HHHHHH CUNARID CO. QUADRUPLE SCREW TURBINE STEAMER AQUITAXIA. involving about the same total value forships and cargo, viz., two millions ster-ling. During the Napoleonic wars, the lossesdue to captures in the Indian and ChinaTrades were such as to occasion a prem-ium on the value of ships (not cargoes),of 15 guineas per cent, in 1782, which,when a proper disposition of naval forcewas obtained in 1805, fell off to 5 percent, when vessels were protected by aconvoy. It may be remarked that thispremium of 5 per cent, on the value ofthe ship alone was about the same as 1per cent, on the value of the total car-goes carried. Lloyds lists for the years1793 to 1800 show that the net losses ofBritish vessels for the period referred toafter making allowances for re-captures,amounted to something like 3,500 ves-sels, or about 500 ships per annum. The statistics for the whole period ofwar from 1793 to 1814, involving about20 years
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