§ 70. Mr. HOLTasked the Parliamentary Secretary to the Shipping Controller if he is now able to state the amount of monthly hire paid by the French and Italian Governments, respectively, to a vessel of their own nationality of 4,800 tons gross register, 12 knots speed, and 7,500 tons dead-weight capacity, when requisitioned by them?
§ Sir. L. CHIOZZA MONEYAs to France, it would seem that for a vessel of the type, size, and speed referred to, and assuming that the vessel has not changed hands during the War and that the rate of depreciation adopted by the owner during the War is not more than 5 per cent. per 537 annum, the French owner would-receive, under requisition, about 13s. 3d. per gross ton per month, owners paying the whole coat of crews' wages and not merely the pre-war cost, and the French Government taking the marine risk As to Italy, I am not yet in a position to furnish the information desired by my hon. Friend as to the Italian terms.