Bat-Wing Junks Fade as Motors Replace Sails Around Hong Kong
Hong Kong's bat-wing junks decline as diesel engines replace sails in a swift shift from century-old craft to modern stern-trawlers. The fishing fleet, now about 6,200 vessels with over 5,000 mechanized junks, faces reduced sail due to better efficiency and growing industrial jobs. Despite fleet shrinkage, total catch has risen fourfold since 1946, reaching about 100,000 tons in 1969 including prawns.
MENTIONED IN THIS ARTICLE
Steve Libby
Hong Kong
Christopher Columbus
Santa Maria
South China Sea
Crown Colony
British Commonwealth
Agriculture and Fisheries Department
Fish Marketing Organization
Panama Canal the Big Ditch in Action and Plainly Efficient
Central Press Association notes Suez blockage aside the Panama Canal Company operates with Swiss-watch efficiency. The 10 by 50 mile Canal Zone hosts 12 000 ships annually with an average voyage cost of 6000 dollars and savings up to 50000 by cutting 7000 miles and 20 days. The Zone functions as a full city state with police fire schools courts and a yacht club while Panama City and Colon bustle with traffic and tourism.
MENTIONED IN THIS ARTICLE
Panama City
Panama
Suez
Panama Canal Company
Atlantic
Pacific
Canal
Canal Zone
Colon
Hong Kong
Brest
Shaker Heights
Ohio
Big impetus seen from new home building tied to recovery
UPI reports housing construction could drive economic recovery under the administration plan. With an estimated 26 million dwellings needed, starts rise to about two million yearly but demand outpaces supply. Investors Mortgage Insurance says private insurance could enable buyers to put down 3,000 on a 30,000 home, easing the 9,000 down payment hurdle.
MENTIONED IN THIS ARTICLE
New York
UPI
Jackson W. Goss
Investors Mortgage Insurance
Boston
Continental Investment Corp
Goss
IMI
Savings and Loan
almanac notes and historical dates for august 26 1971
Almanac entry for August 26 1971 notes the date as the 238th day with the moon between new and first quarter. It lists prominent births and historical events including Kraatok volcano eruption in 1883 two thirds of the island lost, 1920 19th Amendment effective, 1948 Axis Sally case, and 1964 LBJ Humphrey ticket heading.
MENTIONED IN THIS ARTICLE
Sir John Buchan
Krakatoa
Netherlands
Mildred Elizabeth Gillars
Axis Salley
United States
Nazi Germany
Lyndon Johnson
Hubert Humphrey
Investors push for rapid home loans and tax breaks
Goss notes 43 percent of family heads seeking homes are aged 25 to 40 and demand faster FHA loan action. He says markets in Chicago Detroit Boston Atlanta and Southeast Florida show impatience. He cites IRS depreciation allowances up to 200 percent on new structures as a tool to lower profit costs and boost capital gains.
MENTIONED IN THIS ARTICLE
Goss
Chicago
Detroit
Boston
Atlanta
Florida
Nue
Also Mentioned on This Page
Panama Canal
By Hal Underhill
Central Press Association
Miraflores Locks
U.S
The
South Texas News
Job Short
UPI Business Editor
the Almanac
John Buchan
Umen Pharmacist
Elecka Drug
PF L Sidings
Diamond - Lite
Gulf Coast Wood Products
Texas
IAL
Cuero Record
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