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288 3% x 20 inches in size. The propeller is 12 feet 6 inches in diameter with a pitch of 13 feet 3 inches and an ex- panded surface of 60 square feet. Leases Yard---Saves Time A director of the Texas Co., in commenting upon the present activity in ship building says: “The company is making a saving of $150,000 each on vessels which it is building at the recently leased Sewall shipyards, Bath, Me. More- over, delivery of the new ships will be made six months sooner than BOW OF NORWEGIAN would have been possible from an outside ship builder. “When additional vessels are put into commission we will have a fleet of 32 steamers, all of which will be used exclusively for the shipment of ° the company’s product. We expect to have four new ships launched shortly”. Ship Yards Combine A new dry dock and ship building combination to be known as the Todd Shipyard Corporation, is being formed to combine Atlantic and Pacific coast properties. Articles of incorporation to be taken out in the near future wil! sig- nalize the completion of the plan. The companies to be consolidated are the STEAMER BUILT ON THE MARINE REVIEW Robbins Dry Dock & Repair Co., Brook- lyn, operating the largest repair yard for shipping in New York harbor; the Tiet- jen & Lang Dry Dock Co., Hoboken, N. J., the second largest in New York har- bor, and the Seattle Dry Dock & Con- struction Co., which owns the second largest ship building and repair plant on the Pacific coast. The new company will have a capitalization of $6,500,000 in subsidiary bonds, $3,000,000 in new five- year, 6 per cent, convertible notes and $85,500 shares of common stock of no par value. The $3,000,000 of notes, which are convertible into stock at 100, THE GREAT LAKES will be dated June 15, 1916 and will be backed by a semi-annual sinking fund estimated to be at least 20 per cent of the net earnings after the interest and sinking fund charges on subsidiary com- pany bonds and interest on the notes. The annual net earnings before charges are estimated at $3,000,000, which would net accruals for the sinking fund of over $460,000 annually. If this rate of earnings were maintained, most of the notes would be retired before maturity Three’ steamers which the William Cramp & Son § Shipig:&s* Engine Building Co., Philadelphia, is building for W. R. Grace & Co. will be used in inaugurating a passenger service from’ Atlantic coast ports to the west - launching. August, 1916 coast of South America. The vessels. will each have accommodations for 100 first class passengers, and will make the run via the Panama canal to Callao, in 11 days, and to Vai paraiso in 18 days. The new vessels are of 10,000 tons cargo capacity. Growth of Japanese Yard Details of the development of the Mitsu. Bishi Dockyard & Engine Works, Nagasaki, Japan, are con- tained in a report to the department of -commierce “trom... baker, American consul in that district. He states that the yard is the largest in Japan, employing more than _ 10,000 of the 30,000 workmen engaged in ship building in that country and doing an enormous amount of repair work besides building ships. Mr. Baker reports as follows: “The yard has docks .ranging in length from 350 to 714 feet and a patent slip capable of lifting a vessel up to 1,000 tons gross. It also main- tains a salvage steamer of 716 tons with a speed of 12 knots. The plant was considerably extended last year and still further extensions are planned.” Cramp Company Expands Important enlargements of the plant of the William Cramp & Sons Ship & Engine Building Co., Philadelphia, are to be provided as a result of the ac- quirement by the company of 45 acres of land on Petty’s island in the. Delaware river which is situated directly opposite the present yard. The Cramp company proposes to build upon the site a large dry dock where vessels will be taken for The present plant will be devoted exclusively to hull and repair work. A large ore refinery also will be built on Petty’s island by the Crew- Levick Co., Philadelphia. The Pennsyl- vania railroad is planning to build a bridge between the island and the New Jersey shore of the Delaware river to facilitate the transportation of ship building supplies and the export of oil. New Transport Launched The transport HENpERson, the first to be held at the Philadelphia navy yard, was launched June 17. Mem- bers of the naval committees of both branches of congress, Admiral Ben- son, chief of operations of the United States navy, and Major General Bar- nett, commandant of the United States marine corps, attended the ceremonies. : HeENpERSON is 481 feet long, has a 61-foot beam, and 20-foot draft. She is equipped with twin screws, which will give her a speed of 14 knots. Her displacement is 10,000 tons. She will carry 2,000 troops.