. Canadian Shipping and Marine Engineering January-December 1916. duct of war. Import and Ex-port FeaturesIt is commonknowledge thatthe imports ofGreat Britainexceed the ex-ports by a con-siderable sum,and in orderthat the bal-ance of tradeshall be adjust-ed other finan-cial provisionhas to be differenceis stated to bemet by the in-terest on Brit-ish capital in-vested in for-eign countriesas well as bythe British mercantile marine in thetransportation of goods for othernations. It has been estimated that the ship-ping of Great Britain carries about onehalf of the total trade of the
. Canadian Shipping and Marine Engineering January-December 1916. duct of war. Import and Ex-port FeaturesIt is commonknowledge thatthe imports ofGreat Britainexceed the ex-ports by a con-siderable sum,and in orderthat the bal-ance of tradeshall be adjust-ed other finan-cial provisionhas to be differenceis stated to bemet by the in-terest on Brit-ish capital in-vested in for-eign countriesas well as bythe British mercantile marine in thetransportation of goods for othernations. It has been estimated that the ship-ping of Great Britain carries about onehalf of the total trade of the world, andthat nearly one half of the British ves-sels engaged in ocean overseas trade areemployed between ports both of whichare outside the United Kingdom. It i>also commonly accepted that the grossearnings thus received from other coun-tries are in the neighbourhood of 100million pounds sterling per annum. Itfollows therefore that conditions oftrade will demand that production andtransportation of manufactures shallproceed in war time at the greatest rate. CANADIAN PACIFIC OCEAN SERVICES SS. IllINCBSS MARGARET. 24 MARINE ENGINEERING OF CANADA which is compatible with the attainmentof the maximum effectiveness of thefighting forces of the country, or inother words, the maximum efficiency ofsea power can only be obtained by ajudicious utilisation of both the fight-ing navy and the merchant marine. Offensive Operations of Sea Power The prime duty of the fighting navyof a large maritime Power appears tobe something more than a sure shield—to be rather an offensive weapon whichshall gain such time as will be necessaryto bring about the complete organizationof the resources of the Country, and toallow full opportunity for the diversionof the monetary reserves into suchchannels as will enable a war enduranceto be maintained. This object will be most effectivelyattained, either by the destruction ofthe main enemy fleet, or, if this opera-tion is rendered difficult or impossible
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