SHIPPING.

Sun (Christchurch), Volume V, Issue 1338, 28 May 1918, Page 4

SHIPPING.

PHASES OF THE MOON, MAY. Last quarter .. 4 !) sfi n.ra. New moon ..11 0 31 a.m. First quarter ..18 741 a.m. Full moon .. 20 10 2 a.m. MOON. Moon rises to-day 0.27 p.m., sets 9.12 a.m. to-morrow. -, TIDE. To-day 5.39 a.m., 0.0 p.m. To-morrow 0.23 a.m., 7.0 p.m. SUN. Sun rose to-day 7.29 a.m., 4.32 p.m. PORT OF LYTTELTON. ARRIVED. TUESDAY MAY 28 TNVERCARGILL (0.30 a.m.), 123 tons, Wahistrom, from Wonganul. STORM (5.15 a.m.), 405 tons, Cowan, from Wanganui. MAORI (7 a.m.), 3412 tons, Manning, from Wellington. SAILED. MONDAY, MAY 27. WOOTTON (5 p.m.), 150 tons, Larson, for Wellington. MARARO.* (0.10 p.m.), 2598 tons, SpringBrown, for Wellington. VESSELS EXPECTED AT LYTTELTON. Vessel. From. Approx. date. Cygnet Akaroa May 28 Mararoa Wellington May 29 Cygnet Kaikoura May 30 Maori Wellington May 30 Kotare Puponga May 30 Wakatu Kaikoura May 31 Maori Wellington .Tunc 1 Mararoa Wellington June 2 VESSELS TO SAIL FROM LYTTELTON. Vessel. For. Approx. date. Maori Wellington To-night Cygnet Kaikoura May 29 Wakatu Kaikoura May 29 Calm Wellington May 29 Corinna Nelson & N Ply. May 30 Breeze Dunedln May 30 Rosamond Napier & Gisb'ne May 31 Calm Dunedin June 1 Maori Wellington June 1 Breeze Picton June 3 NOTES. The schooner Lily, which recently arrived from Kaipara, is to be laid up on Thursday for repairs. Her deck and topsides are to be recaulked, and afterwards she will load cargo for Kaipara. The Kokiri, laden with coal, is still barbound at the West Coast, but she is expected to clear the bar shortly for I.yttclton. After having been bar-bound for a considerable period at Wanganui, the steamers Storm and Invcrcargill arrived here early this morning. The schooner Annie Hill is at present lying nt Gladstone Pier for the purpose of Laying her two masts placed In position. Shipping companies that are free from Government control, especially those whose fleets are owned and run by Japanese, are earning fabulous sums. The latest example Is given by the Osaka Shosen Kaisha, the profits of which for the six months ended December 31, alter providing £384.500 for depreciation, repair, and insurance funds, amounted to £1,831,721 on a paid-up capital Of £3,100,250. The return to shareholders ■was at the rate of 10 per cent, bv way of dividend, and at ihe rate of 40 per cent.'per annum as a bonus, together 50 per cent., as against 30 per cent, a year ago. Additional appropriations were £400,000 for licet depreciation, £150,0110 for dividend equalisation account, and £IOO,OOO for retiring allowances and bonuses to employees. The book value of the fleet was said to be about £S per ton gross, while the reserves exceed'the paid-up capital, and £3,500,000 was invested in the Business.