21 DECEMBER 1907, Page 3

The Times calculates that the total annual subsidy required would

be £700,000 to £800,000, and that nearly half of this would have to be contributed by Great Britain. If the need is proved, we shall be prepared to counsel sacrifices for so great an object as the " All-Red Route "; but we may point out that the claims for subsidies as indispensable to profitable working cannot always be sustained. It is an open secret that the new company which has just begun to run a line of 14110, ti116, and most admirably equipped, turbine ateamera

from Marseilles to Alexandria (bringing London within four days of Egypt) applied for a subsidy as a sine qua non of opening the new route; but on failing to get it, the company none the less found that it could do without Government aid, and began operations, which we hope will turn out as much to its profit as to its credit.