Tuesday, 1 March 2016

HEAVY LOSSES.

SHIPPING DISASTERS IN 1910.
LLOYD'S LOSSES OVER .£6,000,000.
PERICLES AND WARATAH.
LONDON.
Lloyd's losses in 1910 were very heavy,
totalling no less than .£6,000,000. Chief
among the disasters were the foundering of
the Australian liners Pericles and Waratah.
The sinking of the former represented a
loss of £750,000, while the disappearance of
the Lund liner in 1909 meant a loss of
£300,000.

One has an impression that the loss of the Waratah was unique and the shortcomings of the steamer unacceptable by the standards of the time. This article casts a more realistic light on the subject, with Lloyd's losses amounting to a gargantuan 6 million pounds in 1910. Reaching one's destination was by no means guaranteed. It is interesting to note that the Pericles, similar size, was insured for far more - even taking into consideration her vast cargo of valuable butter. Does make one wonder....




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