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HONGKONG TYPHOON.

HEAVY INSURANCE LOSSES. Each report that comes to hand from Hongkong (writes the Marine Insurance correspondent of the Standard of September 20) adds to the seriousness of the situation from the shipping standpoint, and the London marine insurance market, more particularly the China marine companies, will be very heavy losers in consequence. The China. Navigation Company, Limited, yesterday received intimation that two more vessels of their line had gone ashore at Hongkong in the recent gale, these being the Lingshan, ashore on a reef, and very seriously damaged, and the Kinshan, also ashore and " considerably" damaged. it is doubtful whether the Lingshan can be refloated. The China Navigation Company have been very unfortunate in having no fewer than three of their vessels out of their fleet of four boats stranded in consequence of the typhoon. Underwriters are now very much afraid that shipping in the vicinity of Hongkong has suffered badly, for telegrams received from other places in the neighbourhood report that severe weather has been experienced there, and that many local vessels in the China Sea have been* lost. The preliminary estimate of the damage to ship ping of a million dollars is quite . inadequate ; indeed, a million sterling would not cover the value of those vessels already reported ashore and wrecked in the typhoon. The following is a list of the chief accidents:—Name San Cheung . (s), 389 tons, flag.British, built 1902, casualty foundered; Monteaglc (s), 3953 tons, British. 1899, ashore; Johaune (s), 952 tons, German, 1903, foundered; Fatsham (s), 1425 tons, British, 1887, seriously injured ; Petrarch (s), 1252 tons, German, 1877, ashore; Emma Lnyken (s), 1109 tons. German, 1891, ashore ; Kwong Chou (s), 507 tons. British, 1902, sunk; Signal (s), 907 tons, German, 1903. ashore; S. P. Hitchcock, 2086 tons, American, 1883, ashore; Wingchai (s), 518 tons, British, 1902, sunk; Changsha (s), 1466 tons, British, 1886, ashore: Sexta (s), 982 tons, German, 1905, ashore; Sorsogon (s), 406 tons. American, 1834, awash ; Apenrade (s), 696, Norwegian, 1891. stranded; Kinshan (s), 1092 tons, British, 1901, ashore; Lingshan (s), 141 tons, British, lotto, ashore on reef.

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https://paperspast.natlib.govt.nz/newspapers/NZH19061102.2.9

Bibliographic details

HONGKONG TYPHOON., New Zealand Herald, Volume XLIII, Issue 13324, 2 November 1906

Word Count
347

HONGKONG TYPHOON. New Zealand Herald, Volume XLIII, Issue 13324, 2 November 1906

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