Denmark Agriculture Commerce
År: 1920
Forlag: Brown Brothers & Co.
Sted: New York
Sider: 32
UDK: 338(489)
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a marked degree. Regular steamship routes were estab-
lished with practically all the other European countries, with
North and South America, Africa, Australia and the Far
East. In addition, the country acquired a large fleet of
tramp steamers. According to Lloyd’s Register, during
the decade preceding 1914 the size of the Danish merchant
marine, which in that year amounted to 820,181 tons, had
been increased nearly 40 per cent. In addition, there was
a great increase in efficiency during this period resulting from
the more general use of steamers in place of sailing vessels.
Danish shipping prospered during the war in spite of the
losses incident to war-time navigation. It has been estimated
that the gross profits of the country’s mercantile fleet rose
from about $26,800,000 in 1914 to approximately $107,-
200,000 in 1917, or 300 per cent. The net earnings for these
years are estimated at $13,400,000 and $42,880,000 respec-
tively. This greatly increased earning power, resulting from
the world-wide demand for ships, brought a corresponding in-
crease in the aggregate value of the country’s merchant fleet.
Before the war the cost of new ships in Denmark averaged
about $40 per dead-
weight ton. By the
end of 1917 the price
had risen to nearly
Reclaiming the soil in
Jutland—before and
afler
21