Manual of Ship Subsidies An Historical Summary of the Systems of All Nations

"Manual of Ship Subsidies" by Edwin M. Bacon is a historical analysis that unravels the evolution of financial support systems for ships across different countries. It examines how nations, ranging from Great Britain to Japan, established ways to financially aid their shipping industries. The book begins by defining subsidies as government assistance to boost commercial activities, specifically in shipping. It explains that ship subsidies can take different forms, for example, bounties for navigation and subsidies for postal services. Bacon highlights the historical reasons for these systems and how they affect countries' maritime goals. It focuses on why governments got involved in shipping, like boosting domestic trade and competing with other countries. These initial discussions prepare readers for a detailed look at the rules around subsidies and their impact on worldwide maritime practices.