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The Pamphlet Collection of Sir Robert Stout: Volume 71

The Company has Never Lost a Steamer

The Company has Never Lost a Steamer.

This immunity is the more remarkable when it is considered that the Company's own and chartered steamers run nearly 550,000 miles per annum, or including the Sailing Ships, 1,140,000 miles.

This good fortune, combined with the liberal scale upon which the operations are conducted, accounts for the page 61 popularity the Company enjoys amongst travellers and the shipping community.

To meet the growing necessities of the trade the magnificent 14½-knot steamer "Ruahine," of 6,127 tons, has recently been added from the yard of Messrs. William Denny and Bros., Dumbarton, also the cargo steamers "Waikato," of 4,766 tons, "Tekoa," of 4,050 tons, and "Otarama," of 3,808 tons. The Company now owns steamers aggregating 40,187 tons, sailing vessels to the extent of 10,452 tons, whilst the five Ducal steamers running in the Company's service contribute a further 16,379 tons.

It will be seen that the New Zealand Shipping Company holds