Freights

Higher Fares and Freights

IN consequence of greatly increased costs caused by the war—especially insurance against war risks —all ship ping fares and freights affecting the Pacific Territories have been raised, or probably will be raised immediately.

Fares and freights affecting the Cen tral and Eastern Pacific Territories serv ed by the Union S.S. Co. Ltd., and other British companies, were raised by one third on September 13.

The American companies’ rates have not been altered, but a rise is expected.

The question of raising the fares and freight rates on the Burns, Philp vessel* (serving Papua, New Guinea. Solomon Is lands, New Hebrides, etc.) is under dis cussion between the Commonwealth Gov ernment and the directors of the firm.

The firm is paying war risk insurance at the rate of £2 per £lOO of the ship’s value every 91 days—equal to 8 per cent, per annum.

Fares and freights on all inter-island ships (including those in the Western Pacific, operated by Burns Philp and Co. and W. R. Carpenter and Co.) have been raised 20 per cent.