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Shenandoah, supplement, Class A.
We estimate the value of each of these vessels at $80,000, and we allow 25 per cent. loss on account of breaking
Page 227-Australia, loss on account of forced sale.
Page 266.-Louisiana, loss arising from breaking up
NOTE.-This table as originally presented showed a total of $973,500; but as was explained in the statement read by Mr. Bancroft Davis to the Tribunal on the 26th of August, and contained in the 26th protocol, it was a clerical error. The table is therefore given here in the corrected form.
XIV.-TABLES PRESENTED BY THE AGENT OF HER BRITANNIC MAJESTY ON THE 19TH OF AUGUST, 1872, IN COMPLIANCE WITH THE REQUEST OF THE TRIBUNAL.
In presenting the subjoined tables to the Tribunal, as required by the Arbitrators, the Agent of Her British Majesty has the honor to present the following points as deserving their attention:
I. Great Britain should not be considered bound to make compensation to the United States for the sum total of the losses occasioned by any of the cruisers in regard to which the Tribunal may be of the opinion that there was remissness in the performance of duty on the part of Great Britain.
II. The following principles should be observed in estimating the amount of compensation:
A. All double claims for simple losses should be rejected; such, for example, as claims presented simultaneously by owners and insurance companies, simultaneous claims for loss of freight and loss of charterparty, and other similar claims mentioned on pages 10 and 11 of volume VII of the British Appendix, and which amount to a very considerable
B. Claims for prospective gross losses of whalers should be rejected, for the reasons stated on pages 12, 13, 26, and 27 of volume VII of the Appendix. It is, indeed, not even attempted to sustain these claims in the Argument of the United States; they should, therefore, be considered as virtually abandoned.
C. It is impossible, for the reasons stated on page 13 of the same volume, to admit the claims for gross acquired profits without any of the necessary deductions.
D. Claims for gross freights of merchant-vessels should be rejected, for the reasons stated in extenso on pages 14, 15, 16, and 17 of the same volume. It will be seen that it is not even attempted to sustain them in the Argument of the United States, and they should therefore be considered as virtually abandoned.
E. Profits which it was expected to gain on merchandise in the ports to which the vessels were bound are not, for the reasons stated on page 17 of the same volume, a proper subject of compensation.
F. The reasons stated on the pages aforesaid of the same volume of the British Appendix, as well the firmly-established principles of jurisprudence, which are recognized by the courts of the United States, England, and other countries, require, as a suitable means of compensating claimants for the loss of vessels, outfits, profits, and freights, that they should be allowed the full original value of these vessels and of these outfits at the beginning of each voyage, and that they should, moreover, be allowed so much per cent. of this value, together with a sum for wages, to be calculated from the beginning of each voyage up to the day of the capture, as has been stated on pages 13 to 17 and 26 to 29 of volume VII of the Appendix.
G. The proper method of indemnifying the claimants for the loss of