LATE SHIPPING.

Evening Post, Volume LXXXI, Issue 20, 25 January 1911, Page 8

LATE SHIPPING.

[ ARRIVALS. January 25— Alexander, bjb. (12.45 p.m.), 377 tons, Vickerman, from Lytteltou. January 25— Gertie, s.s. (2.40 p.m.), 264 tons, Rodger, from Foxton. | January 25— Waverley, s.s. (3.30 p.m.), lu7 tons, Pin vis, from NeJwn. | DEPARTURES. January 25— Pateena, s.s. (12.55 p.m.), 1212 tons, Crawford, for Picton and Nelson. ATHENIC SIGNALLED. I The Shaw. Savill aud Albion Company's R.M.S. Athenic, from London via Capetown ! and Hob-art, was signalled as The Post went to press. She ■was expected to drop anchor in | the stream shortly after 4 p.m., and after medical inspection will berth at No. 1 south, Queen's Wharf. The liner should come alongbide about ti p.m. KOROMIKO RESUMES. The Union Company's collier Koromiko, which has been out of comnu^sion at Weliing- ! ton during the past few weeks, was recommissioned to-day. Captain Drewette has been appointed roaster, Mr. Baldwin chiet officer, and Mr. ■Wallace chief engineer. P. AND O. FLEET. Sir Thomas Sutherland, referring to the fleet of the V and 0. CompanT, in his annual presidential address, said : "we have built a large amount of tonnage daring the last five years — 165,000 tons — costing altogether 4£ millions sterling, or nearly so, and that tcoaage works out at a coßt.oi £3E 12s 6d per ton. I am glad to say that when you calculate ttie total cost of our tannage, allowing, of comrse, for cash reserves, which stand practicaily to the credit of that tonnage, the whole fleet stands at a trifle, say a shilling or two, over or under, £5 a ton, I am certain that do shipping company stands, as regards its capital, account, in a more batisfactory position than this, and this position i 6 reflected, and truly reflected, in tlie market value of your property. Looking back the la&t three yeacs, I Scad, except at the moment of dividend, th^re? has hardly been a fluctuation of 1 per cent, in the value of your stock. Sow in these days, when Consols and gilt-edged securities of ail kinds tumble about as if they were half-seasover, we may at all events feel gratified that the value of your property is as steady as it is. You can sell out to-morrow ■without any great depreciation, I assure you. Well, long may this continue." A NEW CUIiARDER.. It is undenstood .(says Uoy-d'b Weekly Summary of 16th December) that the new Cunarder will be 885jft lorfg by 9C#ft beam, and wil^ have a gross tonnage ot 50,000 tons, thereby exceeding the tonnage of the Olympic by 5000 tons. The new Cunwder will have a speed of 23 knots, against 21 in the case of the Olympic and 25 of the Haurefeania and the Lusitania. She will be propelled by turbines, and will be fitted up to carry oil fuel, should it be considered prudent to übe it. She will cany 3790 passengers. „ PANAMA CANAL OPENING. The Panama Canal (jsays the New York Maritime Register of 23rd November) will be completed on lbt December, lft!3. This informaitou was given to President Tiaft when he wab inspecting the Gatun Dam. The official date of the opening remainb Ist January, 1915, Lieut. Coethals desiring one year in which to train the ranal tenders and getting the machinery working smootlily. Ships in the meantime will be granted the privilege of the canal, but at their own risk of delays incident to inexperienced operatioei. Dr. A. H. Miller, surgeon of the Durham, has signed off the articles and -come abhore. *Ir. J. R. Pratt, second officer of the Durham, is at present ashore at Wellington on sick leave. The Komata was to leave this afternoon for Webtport; the Kamona goes to-morrow to Lyttelton; the AYa'porl to-morrow or Friday for Westport; and the Koromiko also to-mor-iow for Wettport. BY TELEGRAPH. N3StSON, 25th January. Arrived — Rosamond (1.30 p.m.), from Wellington and Pictou. Sailed— Nikau (1.40 p.m.), for Motueka. and Wellington. WBSTPORT, 25th January. To sail— Kurow (7 a.m. Thursday), for Wellington.