THE CABINET: Ship Bill

The U. S. Government was last week billed $74,243,000 for the 94 ships, great and small, which it seized from Germany during the War. Under the terms of the Settlement of War Claims Act of 1928 Arbiter James W. Remick finally evaluated, as of July 2, 1921, these craft interned in U. S. ports since 1914 and specified indemnification for their German owners. Chief beneficiaries: Hamburg-American Line ($38,801,000) and North German Lloyd ($27,311,000).

Sixteen of the ships, with names familiar to pre-War ocean travelers, were in the million-dollar class. No. 1 on the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!